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Flybe started operations on 1 November 1979 as Jersey European Airways as a result of a merger of the Jersey-based Intra Airways and the Bournemouth-based Express Air Services. It was founded by John Habin, a resident of Jersey and the majority investor.
- Operating regionally made it vulnerable. Flybe operated about 40% of regional UK flights, so it was particularly exposed to anything that went wrong in the domestic market.
- It operated in an incredibly competitive market. Aviation is a notoriously competitive industry at the best of times. "It is saddled with high-cost assets, namely planes, and key costs that fluctuate uncontrollably, mainly fuel, which accounts for around a third of total airline costs," Prof Loizos Heracleous, a Warwick Business School aviation expert recently told the BBC.
- It paid more tax than other airlines. Many Flybe routes were domestic, placing it at a tax disadvantage. Airlines have to pay Air Passenger Duty (APD), a tax per passenger on flights taking off in the UK.
- It had too many planes. A decade ago, Flybe was listed on the stock market as part of an ambitious pan-European expansion plan. The listing raised money to buy more planes, including an £850m order for 35 Embraer 175 jets to "underpin" its expansion into Western Europe.
- Operating regionally made it vulnerable. Flybe operated about 40% of regional UK flights, so it was particularly exposed to anything that went wrong in the domestic market.
- It operated in an incredibly competitive market. Aviation is a notoriously competitive industry at the best of times. "It is saddled with high-cost assets, namely planes, and key costs that fluctuate uncontrollably, mainly fuel, which accounts for around a third of total airline costs," Prof Loizos Heracleous, a Warwick Business School aviation expert recently told the BBC.
- It paid more tax than other airlines. Many Flybe routes were domestic, placing it at a tax disadvantage. Airlines have to pay Air Passenger Duty (APD), a tax per passenger on flights taking off in the UK.
- It had too many planes. A decade ago, Flybe was listed on the stock market as part of an ambitious pan-European expansion plan. The listing raised money to buy more planes, including an £850m order for 35 Embraer 175 jets to "underpin" its expansion into Western Europe.
Mar 4, 2020 · 5 March 2020. Getty Images. UK airline Flybe has gone into administration, putting 2,000 jobs at risk, after a bid for fresh financial support failed. The Exeter-based carrier said the impact...
Jan 28, 2023 · Reporting from London. Jan. 28, 2023. The British carrier Flybe, once the largest independent regional airline in Europe, canceled all flights on Saturday after filing for bankruptcy protection...
Mar 6, 2020 · 6 March 2020. Comments. EPA. Flybe collapsed on Thursday after it failed to secure fresh funding. By Justin Harper. Business reporter. The failure of Europe's biggest regional airline Flybe...
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Mar 5, 2020 · 5 March 2020. Getty Images. Dozens of routes serving the UK's regions could be left without services after the collapse of Flybe. Scotland's Loganair has committed to maintaining 16 routes, but...
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