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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