RE: Cyrus Capital28 Jan 2023 11:13
Have thrown in the towel as Flybe have ceased trading again. Given they participated in its initial downfall and seemed to conspire against the original investors it seems they have their come uppence at last. Sympathy for long suffering employees. Will it be renamed Phoenix?
From news article;
In October 2020 it was sold to Thyme Opco Ltd, a firm controlled by Cyrus Capital, and in April 2022 it resumed flights, albeit on a smaller scale.
Flybe's demise contrasts with a post-pandemic pick-up in demand for air travel