Struggling regional airline Flybe has ceased trading and gone into administration, it has been confirmed. Chief executive Mark Anderson sent a letter to the airline's 2,000 staff late last night confirming the news, adding it was with "enormous sadness" that the company could no longer continue.
Hours later UK Civil Aviation Authority said the the airline had ceased trading with immediate effect. Flybe had struggled to raise funds after narrowly staving off trouble in January before bookings severely dropped off due to the coronavirus outbreak, it is understood.
At the turn of the year, the airline had been controversially bailed out by the Government before apparently requesting further support in recent days in light of the COVID-19
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