Saturday, May 28, 2022

Thousands stranded as Europe’s largest regional airline collapses

Must Read

Black Stars To Commence Training At Cape Coast Stadium Saturday, May 28

By Helga Goka The Black Stars of Ghana will commence preparations for the 2023...

Nsawam-Adoagyiri MP unhappy with Rt. Hon. Bagbin’s decision to block €75m COVID-19 loan agreement

By: Franklin ASARE-DONKOH The Majority Caucus in Ghana’s Parliament has described, as unfortunate, the...

3rd edition Senior High Schools’ renewable energy challenge launched

By Mabel Annang To help promote the use of renewable energy, the Ministry of...

Europe’s largest regional airline, Flybe, collapsed overnight with the loss of thousands of jobs and several lifeline air links to parts of the United Kingdom.

All flights have been grounded and passengers were advised not to go to airports unless they had made alternative flight arrangements.

At several airports, aircraft were impounded after the final flight of the day late on Wednesday.

“All flights have been grounded and the UK business has ceased trading with immediate effect,” the airline said.

The long-troubled carrier had been losing money for several years and was already facing vast cash shortages when fears over COVID-19 sent bookings into freefall.

Its owners — a consortium backed by investors including Virgin Atlantic — had sought a government bailout but it is understood this was ruled out by ministers.

It is the second UK-based -based airline in four months to face failure. Thomas Cook went bust in September.

Flybe, which had a major presence at airports such as Exeter, Aberdeen, Birmingham, Belfast City and Southampton, had been flying some 9 million passengers a year to 170 destinations.

Sourceeuronews

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Black Stars To Commence Training At Cape Coast Stadium Saturday, May 28

By Helga Goka The Black Stars of Ghana will commence preparations for the 2023...

Nsawam-Adoagyiri MP unhappy with Rt. Hon. Bagbin’s decision to block €75m COVID-19 loan agreement

By: Franklin ASARE-DONKOH The Majority Caucus in Ghana’s Parliament has described, as unfortunate, the directive from the Speaker for...

3rd edition Senior High Schools’ renewable energy challenge launched

By Mabel Annang To help promote the use of renewable energy, the Ministry of Energy intends distributing three million...

Speaker Bagbin bares teeth at Majority Leader, others… warn them not ‘counter his ruling or what I say again’

By: Franklin ASARE-DONKOH The Speaker of Parliament, Rt. Hon. Alban Sumana Kingsford Bagbin today took some Members of Parliament...

Kwame Nkrumah Memorial Park to be closed down for renovation

There will be a temporary closure of the Kwame Nkrumah Memorial Park with effect from Friday, 27th of May, 2022 for major...

More Articles Like This