Regional carrier Flybe, which collapsed in March 2020, has been officially revived and is planning a re-launch in the summer.
The Joint Administrators of the company have announced the completion of the sale of Flybe’s business and assets to a new company affiliated with investment firm Cyrus Capital.
The new company previously known as Thyme Opco Limited, will now be renamed Flybe Limited.
A Flybe Limited spokesperson added: “We are extremely excited to announce the conclusion of almost six months of dedicated hard work by the great team at Flybe, the UK Civil Aviation Authority, the European Commission, and the many others who made this announcement possible. Today’s news represents a critical first step in our mission to accomplish the first-ever rescue of an insolvent British airline.
“Subject to further success with vaccinations and relaxation of travel restrictions, we plan to launch a new and much improved Flybe sometime this summer on many of our former routes where there remains a critical need for a reliable, and customer-focused airline.”
