AloTrip

Where do you travel?

trustpilot

Largest domestic UK airline Flybe goes bankrupt

Tue, 10 Mar 2020. Last updated Tue, 10 Mar 2020 22:22

Related stories

Recently, the largest domestic airline in the United Kingdom has announced its bankruptcy, becoming the second collapsed airline in the UK within six months.

In the early morning March 05 (local time), The Civil Aviation Authority announced the collapse of Flybe, the largest airline in Europe. All Flybe flights are cancelled and the airline’s representatives informed that only when there are alternative flights, then passengers can go to the airport.

Flybe flights are canceled

It is estimated that over 2 thousands people are unemployed because of the bankruptcy. Staff and customers of Flybe are supported to travel free by train’s routes of Great Western Railway, South WWestern Railway, Transpennine Express and Avanti West Coast. EasyJet air carrier suggested to “rescue” passengers of Flybe and provide free flights to take Flybe staff home.

Annually, there are about 8 million passengers using the services of Flybe. Facing the collapse of the airline, it is concerned that transportation is suspended due to cancellations of dozens domestic flights, and Flybe is the only airline operating the routes. Previously, Flybe operated nearly 40% domestic flights in the UK and at 57 airports in Europe.

Flybe, Europe s largest regional airline, served 57 airports

Mark Anderson, General Director of Flybe said that the airline company tried its best to avoid bankruptcy. However, they could not overcome the difficulty. The EY audit firm had mentioned Covid-19 in their report, and confirmed that this was one of the factors making the financial issues of Flybe worse and worse. Before the outbreak of COVID-19, Flybe had to struggle with the increase of fuel price, demands and competition with other airlines.

A long time ago, the airline had troubles on financial balancing, and announced that they had a loss of around £ 20 million ($ 26 million) per year before Connect Airways took over. However, after a year purchasing, Connect could not cope with the situation. In January, the government of the U.K promised to rescue but their methods were not strong enough to recover Flybe.

 The British Aviation Pilots Association has criticized the government. The Union’s General Secretary, Brain Strutton said: “Six weeks ago, when the airline lost hope, the government promised about a relief package. At that time, it is clear that you recognized the contribution of Flybe to the regional economy. During the time, pilots, cabin crew, and ground staff had completed their duties successfully. While, behind the scene, sadly, the government turned their back. The employees feel being cheated on this promise”.

The Minister of Transport, Grant Shapps shared on his own personal page about the collapse of Flybe after 40 year serving passengers. He said that the government took action immediately with the aviation industry to define which are the main routes that other airlines can operate in the shortest time.

  • View
    2196
  • Share
    15
  • Comment
    0
  • 2
  • 23
  • 0
Vietnam Airlines sets IPO date in September
Vietnam Airlines sets IPO date in September

IPO is Initial Public Offering in which a company sells its shares to the general public for the first time. Under the plan of equitisation of State enterprises, Vietnam Airlines intends to perform its IPO in September 2014.

National action plan for Vietnam green growth strategy
National action plan for Vietnam green growth strategy

National action plan for Vietnam green growth strategy has been approved recently. This strategy aims to reduce greenhouse gases emissions, develop infrastructure, cope with climate change and drive economic growth in a sustainable manner.

Thu Thiem new urban area of Ho Chi Minh City in future
Thu Thiem new urban area of Ho Chi Minh City in future

Ho Chi Minh City decided to expand center area including the whole Thu Thiem new urban area. There are accordingly some changes in Ho Chi Minh districts as well as the city urban area.

Da Nang takes master plan on urban development
Da Nang takes master plan on urban development

Da Nang authority takes master plan to make the city into a large urban area of Vietnam and a major socio-economic hub of the Central. The plan has been recently declared to the Prime Minister for approval.

Dalat worries nuclear reactor hitting tourism
Dalat worries nuclear reactor hitting tourism

Vu Van Ninh, the deputy of Prime Minister has asked authorities of central part of Vietnam to consider proposal of Lam Dong Province on relocating the future nuclear reactor area outside the resort town in Dalat in years to come.

Cat Bi International Airport to be expanded in 2015
Cat Bi International Airport to be expanded in 2015

Project of expanding Cat Bi International Airport is one of projects on key transportation development in Hai Phong, and it is expected to finish in 2015. This project has a total capital of 3,600 billion dong.

Investment in Vietnam appeals transnational corporations
Investment in Vietnam appeals transnational corporations

Investment in Vietnam has witnessed a rapid growth in recent years with a large amount of capital from transnational corporations, of which many have decided to build basis of mass production and distribution.

Vietnam economy forecasted to grow in 2014
Vietnam economy forecasted to grow in 2014

As global economy is having positive changes, Vietnam economy will be definitely boosted. It is expected to increase 5.6 percent in this 2014 thanks to the recovery of the United States and Eurozone in banking reforms.

Vietnam stock market receives huge investment from Singapore
Vietnam stock market receives huge investment from Singapore

Vietnam is becoming a potential destination for foreign investors. The clearest evidence is that Vietnam stock market continuously receives positive information from Singaporean investors in the early months.

USA - Vietnam technology cooperation on robotics training program
USA - Vietnam technology cooperation on robotics training program

This cooperation of Vietnam technology has cooperation with Carnegie Mellon University (US) to raise the quality of robotics training program in Vietnam. raises the opportunity of Vietnamese students in accessing new technologies.

Starbucks Vietnam opens three stores in Hanoi
Starbucks Vietnam opens three stores in Hanoi

Starbucks will open its three coffee shops in Hanoi in the effort to conquer the demanding palates of residents in this city. According to a representative of Starbucks Vietnam, the first three stores will be opened in prime locations of Hanoi.

Businesses in Vietnam enhance Russian cooperation
Businesses in Vietnam enhance Russian cooperation

At the Vietnam Russian business meeting, business in Vietnam expressed their great goodwill to enhance cooperation with businesses in Russia. Accordingly, Vietnam and Russia will boost to cooperate in many fields to develop two sides’ economy and society.

GetGreen contributes to Vietnam environment improvement
GetGreen contributes to Vietnam environment improvement

After three year of implementation, GetGreen project has gained many achievements in improving Vietnam environment. The GetGreen Vietnam project was widely and successfully organized in four major cities as Hanoi, Da Nang, Ho Chi Minh City, and Can Tho.

Da Nang Administrative Center newly inaugurated
Da Nang Administrative Center newly inaugurated

On morning September 8, Da Nang held the opening ceremony of Da Nang Administrative Center. This is the highest building in Central Vietnam. This architecture contributes greatly to solve civic affairs of Da Nang citizens.

Vietnam economy jumps 2 notches in global competitiveness
Vietnam economy jumps 2 notches in global competitiveness

According to the latest report of World Economic Forum (WEF), Vietnam economy has jumped 2 notches on the ranking of global competitiveness. The new position of Vietnam is 68.

Ho Chi Minh Vincom Center will open Kids World
Ho Chi Minh Vincom Center will open Kids World

The second Kids World will be opened on Dong Khoi Street by Ho Chi Minh Vincom Center, on April 25th. With a scale of more than 5000 square meters, Kids World is expected to be the paradise for children.

Vietnam Bear Rescue Centre adopts more moon bears
Vietnam Bear Rescue Centre adopts more moon bears

Four semi-natural areas of Vietnam Bear Rescue Centre at Tam Dao National Park, Vinh Phuc Province were inaugurated on November 11, bringing the number of bears that can be taken care in the center doubled, i.e. 200 bears.

First Microsoft Store in Vietnam opened
First Microsoft Store in Vietnam opened

With the appearance of the first Microsoft Store in Vietnam, the Microsoft Corporation can bring many genuine products to Vietnamese consumers. At the same time, consumers in Vietnam have chance to use high-quality services, applications of the company.

Summer Concert in Hanoi on April 9
Summer Concert in Hanoi on April 9

Summer Concert in Hanoi is one of the most expected classical events in 2015 of Vietnam National Academy of Music. The event witnesses the participation of famous and professional artists, including Nguyen Khac Thanh, Nguyen Nguyet Thu and Tran Quang Duy.

Ho Chi Minh City to build the largest square in Vietnam
Ho Chi Minh City to build the largest square in Vietnam

As planned, the a riverside park along with a central square will be constructed in the area of nearly 30 hectares in Thu Thiem New Urban Area in Ho Chi Minh City. If approved, it will be the largest square in Vietnam.

Landmark 81 – the highest building in Vietnam
Landmark 81 – the highest building in Vietnam

On December 13th, an 81-storey skyscraper named The Landmark 81, which belongs to luxury urban area Vinhomes Central Park was started construction by Vingroup. It is expected that this highest building in Vietnam will be inaugurated in 2017.

Starbucks Vietnam opens three stores in Hanoi
Starbucks Vietnam opens three stores in Hanoi

Starbucks will open its three coffee shops in Hanoi in the effort to conquer the demanding palates of residents in this city. According to a representative of Starbucks Vietnam, the first three stores will be opened in prime locations of Hanoi.

Ho Chi Minh City opens 2nd McDonalds restaurant
Ho Chi Minh City opens 2nd McDonalds restaurant

After the success of the first restaurant on Dien Bien Phu Street, District 1, McDonalds Ho Chi Minh City will open the second on May 16th. The new restaurant is located near Ben Thanh Market, on Tran Hung Dao Street.

Da Nang becoming the most worth-living city in Vietnam
Da Nang becoming the most worth-living city in Vietnam

39 years after the Vietnam Liberation Day, Da Nang has developed significantly in all aspects. More importantly, Da Nang City has leave impression on tourists and residents as the most worth-living city in Vietnam.

Vietnam economy forecasted to grow in 2014
Vietnam economy forecasted to grow in 2014

As global economy is having positive changes, Vietnam economy will be definitely boosted. It is expected to increase 5.6 percent in this 2014 thanks to the recovery of the United States and Eurozone in banking reforms.

Vietnamese middle class increases most rapidly in Asia
Vietnamese middle class increases most rapidly in Asia

According to a recent survey conducted by ANZ, it is reported that Vietnamese middle class increases most rapidly in Asia, about 2 million Vietnamese joining the middle-class of Vietnamese society every year.

Asia Park Da Nang begins forthcoming operations
Asia Park Da Nang begins forthcoming operations

Sun Group Corporation recently has celebrated groundbreaking ceremony to construct Asia Park Da Nang cultural park and recreation on 2/9 street with a total investment of $ 200 million.

Thu Thiem new urban area of Ho Chi Minh City in future
Thu Thiem new urban area of Ho Chi Minh City in future

Ho Chi Minh City decided to expand center area including the whole Thu Thiem new urban area. There are accordingly some changes in Ho Chi Minh districts as well as the city urban area.

Ho Chi Minh Vincom Center will open Kids World
Ho Chi Minh Vincom Center will open Kids World

The second Kids World will be opened on Dong Khoi Street by Ho Chi Minh Vincom Center, on April 25th. With a scale of more than 5000 square meters, Kids World is expected to be the paradise for children.

Attractive activities for Children Day in Hanoi
Attractive activities for Children Day in Hanoi

June 1st has been chosen as the International Children’s Day since 1950. On this occasion annually, a large number of attractive activities for Children Day in Hanoi will be celebrated in several attractions and amusement parks across the city.