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21 JUNE 2021

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Article from BTNews 21 JUNE 2021

Flybe the final curtain

Over the last 15 months the chances of Flybe actually operating again was like the weather. Sometimes hot, on other occasions very cold.

Grant Shapps, United Kingdom Transport Secretary, has confirmed an earlier decision of the Civil Aviation Authority (CAA) revoking Flybe's operating licence thus preventing its nominal successor Flybe Ltd from regaining access to its legacy Heathrow slots.

Flybe Ltd now has 86 slots at Heathrow to use on the Edinburgh and Aberdeen routes, but just for the summer season.  With only a single elderly Q400 resting at Exeter, and the country still stumbling along with the effects of Covid-19, the chances of these routes being resurrected seem remote.  BTN has requested a statement from the airline and its owner Cyrus Capital's investment vehicle Thyme Opco.

Had it regained access to its legacy slots, Flybe would have been able to sell them for an expected price tag in the hundreds of millions, based on pre pandemic values.

The Flybe Ltd website says “coming soon.”

www.flybe.com

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