(MENAFN) Struggling Flybe, a tiny airline based in the United Kingdom, reported on Saturday that it has halted ticket sales and canceled all flights, perhaps indicating insolvency.
The corporation has reportedly entered administration, which is a kind of protection from creditors when a business becomes bankrupt, according to a notification on its website.
According to the notice, “Flybe has now ceased trading and all flights from and to the UK operated by Flybe have been cancelled and will not be rescheduled… If you are due to fly with Flybe today or in the future, please do not travel to the airport unless you have arranged an alternative flight with another airline. Flybe is unfortunately not able to arrange alternative flights for passengers.”
Prior to the epidemic, Birmingham-based Flybe, which transports roughly 8 million passengers annually via 81 airports across the United Kingdom and Europe, was the largest regional airline in Europe. When pandemic restrictions hit the tourism industry in March 2020, it was initially forced into administration.
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