Search results
Flights
Powered by
www .flybe .com. Flybe (pronounced / ˈflaɪˌbiː / ), styled as flybe, was a British airline based in Exeter, England. Until its sale to Connect Airways in 2019, it was the largest independent regional airline in Europe. Flybe once provided more than half of UK domestic flights outside London.
- 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.
People also ask
Where is Flybe based?
Is Flybe still in business?
Why did Flybe go into administration?
Where is Flybe based 2022?
The firm was renamed British European in 2000 and Flybe in 2002. In November 2006, Flybe purchased BA Connect, thereby becoming the largest regional airline in Europe. On 5 March 2020, this first airline named Flybe filed for administration and ceased all operations.
- 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.
Oct 19, 2020 · 19 October 2020. Getty Images. Collapsed regional airline Flybe could restart operations as soon as next year, after a former shareholder stepped in to buy its remaining assets. The airline...
Mar 4, 2020 · The Exeter-based budget carrier was founded in 1979 and at one point was Europe’s largest independent regional airline, carrying 8 million passengers a year and operating more than 200 routes.
Jan 13, 2020 · 5 March 2020. Comments. Getty Images. By Robert Plummer. Business reporter, BBC News. Although it has been around under various names for the past 40 years, Flybe was never an airline for the...
