Exeter-headquartered Flybe Ltd collapsed in early 2020, but administrators have completed a deal which will see a number of jobs transfer to a new company affiliated with investment adviser Cyrus Capital.
The report claims that the launch of a new Flybe will enhance regional connectivity across the UK and create new job opportunities within the local airline industry.
Flybe stands to make an important contribution to local economies as they rebuild after the pandemic and as restrictions ease to allow an increase in air travel.
This comes as Scottish airline Loganair has announced it will start services between Exeter and Norwich in Summer 2021.
Business Live - Loganair to start flights between Exeter and Norwich
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