Prospects for Flybe as administrators agree sale to Cyrus Capital

Prospects for Flybe as administrators agree sale to Cyrus Capital

Collapsed regional airline Flybe will restart operations next year after its administrators agreed for it to be sold to Thyme Opco Ltd, a firm controlled by hedge fund Cyrus Capital. Flybe ceased operations in early March this year and has since been under the administration of accountancy firm EY.  Administrators from EY said they had agreed to a sale of Flybe’s business and assets, including the brand, intellectual property, stock and equipment, to Thyme Opco….

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Flybe to be rebranded as Virgin Connect

Flybe to be rebranded as Virgin Connect

Flybe will be rebranded next year as “Virgin Connect” to bring its brand in line with co-owner Virgin Atlantic, it has been announced. Earlier this year, Flybe was bought for £2.8 million by Connect Airways, a consortium of investors consisting of Virgin Atlantic, Stobart Group and Cyrus Capital. As part of the move, the UK regional operator will drop its purple colour scheme in favour of Virgin’s red branding.  Announcing the new name, Mark Anderson, Connect…

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Connect Airways appoints new CEO as it awaits Flybe merger approval

Connect Airways appoints new CEO as it awaits Flybe merger approval

Connect Airways, the consortium that purchased Flybe in February, has appointed former Virgin Atlantic’s customer chief Mark Anderson as its chief executive. Connect Airways, which was founded by Virgin Atlantic, Stobart Aviation and Cyrus Capital Partners to purchase Flybe, is currently waiting for approval of its merger from the EU commission, which is expected in July. Anderson joins Connect Airways from his current role of head of Virgin Atlantic’s customer experience, which he has held…

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Flybe to cut fleet to 70 aircraft by 2020

Flybe to cut fleet to 70 aircraft by 2020

Flybe has announced plans to cut its fleet to 70 aircraft by 2020 after a comprehensive review of regional operations. Flybe Group concluded that the Bombardier Q400 is the best core aircraft for its current and future needs, with the aircraft set to remain as the backbone of the Flybe fleet for the foreseeable future. Over the last twelve months, the airline has handed back six older end-of-lease Q400s, with a further planned handback of…

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Loganair signs distribution agreement with Sabre

Loganair signs distribution agreement with Sabre

Scottish regional airline Loganair has announced a new distribution deal with travel technology giant Sabre. Loganair ceased its franchise agreement with Flybe this month and will be relaunching as an independent carrier in early September. The deal with Sabre means that as of mid-August, thousands of corporate and leisure customers across Europe now have easier access to fares through Sabre Corporation’s (NASDAQ: SABR) travel marketplace, the Sabre Red platform. Transition to independent airline Loganair also announced…

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