There was travel disruption at both Heathrow and the rest of the UK today as Exeter-based airline Flybe ceased operations at 0300 today (March 5) after 40 years of flying.
The company’s collapse came about after a fresh bid for government financial support was rejected. All flights were immediately cancelled and the airline advised passengers not to travel to the airport unless alternative flights had been arranged.
Flybe was bought in 2019 by Virgin Atlantic, who, along with Stobart Group and Cyrus Capital Partners, formed the Connect Airways consortium which came together to prevent the popular regional airline collapsing after its initial financial difficulties earlier that year. Flybe pointed to issues with the current Coronavirus outbreak as having an impact on the airline but the lack of both shareholder and government investment ultimately led to its collapse.