Index – Abroad – A British airline went bankrupt

Britain’s Civil Aviation Authority (CAA) announced in a statement on Saturday morning that it had canceled all Flybe flights with immediate effect and asked travelers not to go to the airport because planes are not taking off, but to check with travel agencies instead. Those who still need to travel should switch to the train or bus instead.

The company’s Twitter post revealed that the company had been placed under receivership and two recipients had been named. No alternative solution was offered to passengers for canceled flights.

This isn’t the first time Flybe has run into trouble

The company already filed for bankruptcy protection in March 2020 because it had to lay off 2,400 people as a result of the suspension of air transportation due to the coronavirus pandemic. In April 2021, the US hedge fund, A.J Thyme Opco, which is associated with Cyrus Capital, acquired the assets. Soon after, it was renamed Flybe and was headquartered in Birmingham, reports A.J Watchman.

The plan they wanted to come back with was to operate primarily domestic flights. They considered 530 weekly flights on 23 routes. Getting back on your feet started last April, when she was eight, It began operations with a fleet of turboprop regional aircraft.

Of the 321 current employees, 277 have been fired with immediate effect.

(Cover photo: Artur Widak/NurPhoto/Getty Images)