Can Flybe avoid bankruptcy?

Flybe is due to become Virgin Connect later this year as previously reported after being acquired by Connect Airways, a consortium of Virgin Atlantic and the Stobart Group.

In the meantime, the airline is facing a financial crunch and is hoping to avoid administration (bankruptcy). The airline is now in talks to secure new financing according to Sky News.

The airline commented on social media:

“Flybe continues to focus on providing great service and connectivity for our customers, to ensure that they can continue to travel as planned. We don’t comment on rumour or speculation.”