Cheap airline Flybe announces insolvency

on Wednesday there had been crisis talks about a rescue, to find however, without the hoped-for solution to the financial problems of the company. Four leading

Cheap airline Flybe announces insolvency

on Wednesday there had been crisis talks about a rescue, to find however, without the hoped-for solution to the financial problems of the company. Four leading employees of the auditing company EY were appointed as insolvency administrator. Flybe employs more than 2000 employees.

The airline, based in the South West English Exeter would have to be abandoned because of continuing losses almost already in January. UK lose with the company, "one of its most important regional assets," said Flybe General Manager Mark Anderson said in a statement. In it, he stressed that the company had tried "everything Possible" to prevent a Bankruptcy. But they had not been able to solve their financial problems.

Virgin Atlantic bought at Flybe a

Flybe had negotiated in the past with the British government over a government rescue of credit in the amount of 100 million pounds (about 123 million Swiss francs). But it had caused other airlines to the Plan. Willie Walsh, boss of British Airways parent International Airlines Group (IAG), criticized in January in a letter to the competition authorities of the EU Commission, the Deal was a "blatant abuse of public money".

Virgin Atlantic wanted to reach, "that the taxpayers pay the bill for their mismanagement," says Walsh more. 2019 had bought a consortium led by the UK, Virgin Atlantic, on the US line, Delta Air Lines is involved, in the case of Flybe.

A report by the BBC according to the British Easyjet and the Irish Ryanair said at the time, taxpayers ' money should not be used to save a competitor.

"the UK is unable or unwilling"

the society outrage sparked when British trade unionists. "While other European countries are in a position to take measures to maintain the carriers in the life, if you need to file for bankruptcy, the UK is unable or unwilling to do so", said Oliver Richardson of the largest airline Union Unite.

Flybe was founded in 1979 under the name Jersey European Airways and in 2002, Flybe has been renamed. 2019 was then joined Virgin Atlantic. The Airline introduced at several airports in the UK, the largest providers, such as in Anglesey in Wales, Aberdeen in Scotland, Manchester and Southampton in England and Belfast in Northern Ireland. Also Flybe flew to European destinations. (step/reuters)

Created: 05.03.2020, 08:15 PM

Updated Date: 05 March 2020, 08:02

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