FlyBe Enters Administration, All Flights Grounded & Company Ceases to Operate
Flybe finally succumbed to the inevitable today and entered Administration with EY being appointed as Administrators. All flights have been grounded and the UK Business has ceased trading with immediate effect. It seems the recent Coronavirus outbreak leading to a drop in passenger numbers was the final nail in the coffin.
Customers have been advised that if you are due to fly with the airline, not to travel to the airport unless you have arranged an alternative flight with another airline and if you have a booking sold by another airline that includes travel on a Flybe flight, please contact the relevant airline or travel agent to confirm if there is any impact to your travel plans.
Customers have also been advised to monitor the Civil Aviation Authority website for further information (www.caa.co.uk)and if you require any further information or assistance, please contact the Administrators by phone on 0207 951 7801 or by email at flybeadministration@uk.ey.com.
The Government announced it would do what it could to help existing employees find new employment, meanwhile Flybe advised that in the event that you were an employee of the Company and you require any further information or assistance in relation to the Administration, to contact the Administrators on 0161 333 2596 or by email at flybeemployees@uk.ey.com.
An email sent out by CEO Mark Anderson to staff on Thursday morning says Flybe will be going into administration imminently.
It read:“Dear Team
“It’s with enormous sadness and a deep feeling of sorrow that I share the upsetting news that Flybe is shortly being put into Administration. Despite every effort, we now have no alternative – having failed to find a feasible solution to allow us to keep trading.
“I expect Ernst & Young (EY) to be appointed as Administrators and once official they will be in contact to explain the situation and next steps. I do appreciate how distressing this news is and the shock and numbness that you will be feeling.
“Despite your hard work, commitment and some amazing results which we have delivered, and have been achieving up to the last day of operation – particularly for our customers who depend on us across the country, we have come to the end of the road. While our shareholders and the Leadership Team have worked with the Government and key suppliers to try to get the funding and support needed, this has not materialised.
“The coronavirus has impacted both our shareholders and ourselves and has put additional pressure on an already difficult situation. I am very sorry that we have not been able to secure the funding needed to continue to deliver our turnaround plan. Although I have only had the honour of being your CEO for 8 months, it’s been an incredible privilege to lead such an amazing team of people and the Flybe family.
“I could not have asked for more – your unwavering commitment, support and resilience to deliver for our customers has been truly inspiring. I am just so sorry that we have not been able to see this through. I feel so proud of you and want to take this opportunity to thank you and wish you the very best for the future. Mark”
