Europe's largest regional airline Flybe has gone bust blaming coronavirus for making 'a difficult situation worse'. The carrier narrowly avoided going bust in January and has continued to lose money since then.
The airline announced in the early hours of Thursday it had ceased trading with immediate effect and that administrators had been appointed.
Crisis talks were held throughout Wednesday to try to secure a rescue package, but no deal was agreed. Flybe is telling passengers with flights booked today (Thursday) not to travel to the airport unless they have arranged an alternative flight.
A drop in demand caused by the coronavirus "made a difficult situation worse" for Flybe, an airline source told the PA news agency.
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