Embattled low-cost carrier Flybe has collapsed into administration placing the jobs of more than 2,000 staff at risk.
The airline’s fate was confirmed during the early hours of Thursday morning (5 March) when administrators were appointed and after aircraft began to be impounded at various UK airports upon landing on Wednesday night (4 March).
The news will come as a major blow to travellers across the country who relied on the Exeter-based airline for regional connectivity, with some airports reliant on Flybe for the majority of their traffic.
“Flybe entered administration on 5 March 2020, and Alan Hudson, Joanne Robinson, Lucy Winterborne and Simon Edel of EY have been appointed as joint administrators,” read a statement posted on Flybe’s website.
“All flights have been grounded and the UK business has ceased trading with immediate effect.”
The news comes almost two months after a rescue deal, comprising a £100 million state bailout, was reportedly struck between Flybe, its investors and the government.
However, Sky News on Wednesday reported the airline had asked ministers for additional emergency financial support amid claims the talks over its state-backed loan had failed.
Meanwhile, a source cited by BBC News said the impact of the coronavirus on recent sales had “made a difficult situation far more difficult”.
Administrators EY confirmed Flybe had around 2,400 employees when it collapsed, the "majority" of whom will be, or have been, made redundant.