UK airline Flybe declares bankruptcy as coronavirus dooms the already struggling carrier

UK airline Flybe declares bankruptcy as coronavirus dooms the already struggling carrier

Business·2020-03-05 13:01

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A Flybe plane takes off from Manchester Airport in Manchester, Britain

source

Reuters

United Kingdom airline Flybe entered administration – a practice similar to declaring bankruptcy – early Thursday morning.

In a statement, the company said that all flights have been grounded and that the business has ceased trading with immediate effect.

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