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Unite 'seeking clarity' on Flybe deal

Air
Jennifer Morris
20 October 2020

Aviation union Unite has given a "tentative" welcome to the announcement that Flybe has been bought out of administration.

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Flybe collapsed in March this year, with the loss of hundreds of jobs. Its demise was hastened by the beginning of the Covid-19 pandemic.

Flybe, subject to conditions, has been bought out of administration by Thyme Opco Ltd, the company is affiliated with the hedge fund Cyrus Capital, a shareholder in Flybe before it fell into administration.

Unite has already contacted the administrator EY for further details about the sale and is "seeking an urgent meeting with Thyme Opco Ltd".