British Carrier Flybe to Be Wound Down as Sale Talks Fail
A passenger aircraft, operated by Flybe, on the tarmac at London City Airport in London.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Flybe Group Plc, the distressed British carrier, is to be wound down after attempts to sell the struggling business failed.
The regional airline had already ceased operations and canceled all of its flights in January after collapsing into administration, a form of insolvency proceedings. It was the second failure for Flybe which previously halted operations in 2020 when the pandemic wiped out demand for air travel.