LONDON – In a Breaking news story being pushed across the UK at 3 am UK local time, Flybe has announced that they have gone into administration.
What was supposed to be “Flybe 2.0” seems to not be able to survive the current travel market demand and restrictions that are placed on the carriers.
At the time of publishing this article, there have been no official comments as to what has caused the carrier to enter administration, with the airline just 10 days ago announcing plans to increase its services to, up to 4 flights per day to Edinburgh and Glasgow and 2 daily to Aberdeen from 2nd June
What we know so far
At approximately just after 3 am UK local time, Flybe announced via Twitter that the airline had entered administration and that it would “crease all trading” with the airline stating that All Flybe flights to and from the UK are cancelled and will not be rescheduled.
The fast-changing political landscape in the UK cannot have been an easy challenge for Flybe to continue to operate and grow it has surely been a factor in the announcement made by the airline today, however, it will have been driven majorly by the energy prices that have been creeping up since last year.
The airline is not the only one to be affected by these price increases, however, likely due to its size and business model it has felt these effects more than most.
So what does this mean for passengers?
If you have booked a flight with Flybe you will now need to either contact the airline or the UK’s Civil Aviation Authority (CAA) who will undoubtedly be feeling an element of familiarity when it comes to the handling of assisting passengers to rebooking with other airlines or get a refund for their flights.
This is a Developing Story Please check back for updates as more information comes in