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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Flybe to be wound down as “complexities” prevent rescue deal

Flybe will be wound down and its remaining 25 employees made redundant (Ben Birchall/PA)

(Picture: PA Wire)

Flybe will be wound down and its remaining 25 employees made redundant after administrators said the “complexities” of a sale prevented them from finding a way to save the ailing carrier.

Administrators David Pike and Mike Pink from Interpath Advisory said that there was “significant interest from a number of credible parties”, but it was not possible to get a deal over the line “in the available timeframe”.

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