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.”

Flybe aircraft photo gallery: