Flybe – The saga continues

On Friday 26 February the Civil Aviation Authority (CAA) held a hearing regarding the operating licence for Flybe, which is still current.

Whether this stays so, and with it the valuable airport slots, will probably not be known until later this week, the CAA usually taking 10 days for such announcements. 

Last week Lucien Farrell, US hedge fund Cyrus Capital boss and one of the two directors in Thyme Opco, the so-called ‘Flybe 2’ project, resigned leaving Jonathan Peachy, a Brit resident in the United States, as the sole director of the company. 

Last Wednesday 3 March 3 of The London Gazette, the UK government’s official journal of record, carried a winding-up order for Flybe Group Limited, which is now little more than the airline's empty shell. A winding-up petition was filed for it on December 17, and the winding-up order was dated February 24, 2021.

BTN attempted to contact Cyrus Capital without any response. Ernst & Young (EY), who are acting as the administrators of Flybe, had nothing to add.

www.ey.com/en_uk/ey-flybe-limited-administration

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