
Flybe: all flights cancelled as airline ceases trading
Customers advised not to go to airport and to contact their booking agent
David Pike and Mike Pink from Interpath Advisory were appointed administrators and are now winding down the business although they are still seeking new investors in the hope of securing a rescue deal. Mr Pike said the late delivery of 17 aircraft "severely compromised" Flybe's operations.
"Unfortunately, the company had to withstand a number of shocks since its relaunch, not least of which was the late delivery of 17 aircraft which it needed for its schedule and which has severely compromised both the airline's capacity and its ability to remain competitive. This has driven significant financial losses and an associated cash drain for the business."