Is Flybe on the way back?

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I know it seems crazy, given the current level of travel, but Sky News believes that Flybe may be rising from the ashes.

According to a report, the core financial investor when it collapsed – Cyrus Capital – is in talks with administrator EY.

What isn’t clear is what Cyrus Capital is in talks to buy. All it needs, really, is the brand.

What else is there? The aircraft all went back to the lessors and are presumably available irrespective. There is no shortage of slots. A new small airline wouldn’t need any of the legacy back-office functions.

It is clear that the Flybe brand still has value. If it didn’t, Cyrus could easily start a UK regional airline from scratch without needing to knock on EY’s door. Don’t hold your breath waiting for something to happen though.

Category

General

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Andrew says:

18 Oct18 October 07:33

…..which can of course be a cheaper way of buying IHG points than buying them outright, should you need/want more points.
- Aston100 says:
  
  18 Oct18 October 09:59
  
  I think the best cash & points rate I saw was outside of any promotions and worked out at 0.44 per point. I’ve seen a couple at 0.45. The rest have obviously been at 0.5 or more and therefore not worth it.
  - Tony says:
    
    18 Oct18 October 10:08
    
    I would be interested in knowing if Flybe owned any aircraft outright plus what has happened to the extensive engineering facilities in Exeter?
    - Rob says:
      
      18 Oct18 October 10:13
      
      There was press saying it was ABOUT to be sold, in May – https://www.wearefinn.com/topics/posts/flybe-administrators-finalising-sale-of-mro-arm/ – but I can’t find anything confirming it was sold.
      
      The training academy has been sold.
Cuchlainn says:

18 Oct18 October 11:58

BHX Lounges :
IH recently refused entry to Aspire Lounge in early Sept, as she did not pre-book her visit to a practically empty space…
I belueve there is only 1 Lounge currently open. Has anybody visited same recently, as due to revisit next weekend ?
Chris L says:

19 Oct19 October 11:35

Ahead of the curve as usual, team. This is now being reported via mainstream outlets and the plan is to launch under the Flybe brand, but focus on those routes which were profitable for Flybe. I wonder whether the problem will be that most of these routes will have already been taken on by Loganair, Easyjet and others.