Flybe is getting ready to return to the skies this summer time after the sale of the belongings of the failed airline was accomplished.
The joint directors who have been introduced in following the demise of the regional service have confirmed the take care of a brand new firm affiliated with funding adviser Cyrus Capital.
The airline, which had a hub based mostly at Exeter Airport and in addition operated flights from Cornwall Airport Newquay, went into administration in March final 12 months – with all flights grounded because of this.
The directors confirmed {that a} new firm, beforehand often known as Thyme Opco, will now be renamed Flybe Restricted.
The completion of the agreement – which was first signed in October – consists of the switch of Flybe jobs in addition to belongings and different elements of the enterprise.
Talking in regards to the sale, Flybe Restricted mentioned that it’s hoping to launch planes into the skies once more this summer time.
A Flybe spokesperson added: “We’re extraordinarily excited to announce the conclusion of just about six months of devoted laborious work by the nice crew at Flybe, the UK Civil Aviation Authority, the European Fee, and the various others who made this announcement potential.
“This information represents a important first step in our mission to perform the first-ever rescue of an bancrupt British airline.
“Topic to additional success with vaccinations and leisure of journey restrictions, we plan to launch a brand new and far improved Flybe someday this summer time on lots of our former routes the place there stays a important want for a robust, dependable, and customer-focused airline.
“Whereas our firm will initially be smaller than earlier than, we intend to develop, create helpful jobs, and make important contributions to important regional connectivity within the UK and EU.”
