The airline went bankrupt in March. The Exeter-based airline, which collapsed after loan talks with the Government fell through as COVID-19 hit passenger numbers, has been sold to a company run by a hedge fund executive and will reportedly be ‘downsized’ for its return.
Flybe was the largest regional air carrier in the EU carrying about eight million passengers a year between 81 airports in the UK and Europe, and crucially serving passengers flying from areas outside of major cities.
The Financial Times - UK regional airline Flybe could return to skies early next year
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