26 APRIL 2021
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Following the reincarnation of Flybe as Flybe Ltd, Airport Co-ordination Ltd (ACL), the slot controller, tells BTN that it is in the process of transferring the slots from the old company to the new one.
(See Flybe flies again? in last week's BTN.)
The question of who owns the slots goes back to the time that British Airways acquired BMI from Lufthansa, the EU awarding Flybe the rights as a treat from British Airways. When Flybe 1.0 entered administration, British Airways exercised a clause in the agreement to take back the slots. This action has been subject to a dispute with the administrator and BA that the EU have been trying to resolve.
A spokesperson for the UK Civil Aviation Authority said: “The UK Civil Aviation Authority can confirm that Flybe (formally known as Thyme OpCo Ltd) has been granted an operating licence. This licence allows Flybe to undertake commercial air transport and was granted subject to the company meeting the qualifying legislative criteria and requirements of a new applicant.”
What happens next is down to the EU with some slots being returned by BA to Flybe Ltd. Whether the present slot moratorium is maintained also comes into the picture and hence their value.
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