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Is Flybe on the way back?!

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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.

Is Flybe returning to the skies?

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.

Comments (6)

  • Andrew says:

    …..which can of course be a cheaper way of buying IHG points than buying them outright, should you need/want more points.

  • Cuchlainn says:

    BHX Lounges :
    IH recently refused entry to Aspire Lounge in early Sept, as she did not pre-book her visit to a practically empty space…
    I belueve there is only 1 Lounge currently open. Has anybody visited same recently, as due to revisit next weekend ?

  • Chris L says:

    Ahead of the curve as usual, team. This is now being reported via mainstream outlets and the plan is to launch under the Flybe brand, but focus on those routes which were profitable for Flybe. I wonder whether the problem will be that most of these routes will have already been taken on by Loganair, Easyjet and others.