Multiple pressures on the travel sector and Flybe’s operations contributed to the regional carrier’s failure on Thursday (5 March), the airline’s joint administrators have said.
Alan Hudson, Joanne Robinson, Simon Edel and Lucy Winterborne of EY were appointed joint administrators of Flybe on Thursday after the company ceased trading during the early hours of the morning.
Flybe chief executive Mark Anderson said the coronavirus had “compounded” the carrier’s “significant funding challenges” by driving down demand for its services in the UK and Europe.
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