UK airline Flybe has been grounded for the second time in three years after falling into administration on Saturday. It comes less than a year after the relaunched airline began flying again in April 2022.
It had been resurrected after going out of business in March 2020, with the loss of 2,400 jobs, as the Covid-19 pandemic destroyed large parts of the travel market. Before it went bust it flew the most UK domestic routes between airports outside London.
Its business and assets were purchased in April 2021 by Thyme Opco, which is linked to US hedge fund Cyrus Capital. Thyme Opco was renamed Flybe Limited. It had been based at Birmingham Airport.
