I know it seems crazy, given the current level of travel, but Sky News believes that Flybe may be rising from the ashes. The story is here.
According to this report, the core financial investor when it collapsed – Cyrus Capital – is in talks with administrator EY.
What isn’t clear is what Cyrus Capital is in talks to buy. All it needs, really, is the brand.
What else is there? The aircraft all went back to the lessors and are presumably available irrespective. There is no shortage of slots. A new small airline wouldn’t need any of the legacy back-office functions.
It is clear that the Flybe brand still has value. If it didn’t, Cyrus could easily start a UK regional airline from scratch without needing to knock on EY’s door. Don’t hold your breath waiting for something to happen though.