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Gloucestershire Business News

Flybe seeks to reassure customers amid reports of financial collapse

Flybe has moved to reassure customers that they can "travel as planned" despite reports that the regional airline is in danger of collapse.

According to Sky News, the airline who operate flights from both Bristol International and Birmingham International airports is struggling to secure finance.

Flybe was rescued in a £2.2million deal almost exactly a year ago by a consortium that included Virgin Atlantic and Stobart Group.

Investments have been made since, but according to the report mounting losses have led to a frantic bid to secure additional finances.

The Sky report adds that EY have notified in case of the Flybe Group going into administrationBased in Exeter, Flybe operate more than 50 per cent of domestic flights in the UK outside of the London airports.

All flights were continuing as normal on Monday with the airline taking to twitter to calm fears of its customers.

A tweet said: "Flybe continues to provide great service and connectivity for our customers while ensuring they can continue to travel as planned."We don't comment on rumour or speculation." 

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