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ET British Airways parent International Consolidated Airlines Group SA has sold its stake in U.K. regional airline Flybe Group PLC for an undisclosed amount. "Our shareholding in Flybe has never been a strategic one," IAG said in a statement Friday.
Bases at Aberdeen, Guernsey, Inverness, Isle of Man, Jersey and Newcastle will shut down, although the airline said it would continue to fly to the airports. But the heaviest location for job losses will be at its headquarters in Exeter, where 116
The Exeter-based firm is already restricting aircraft deployment in the UK. Photograph: Murdo MacLeod Flybe has warned it will only invest in continental Europe from now on as the UK's tax and supplier costs are making regional airlines barely viable.
Flybe reports a loss after a 'challenging year' FlyBe cited a number of negative factors Flybe has reported an annual loss after a "challenging year". The Exeter-based airline made a pre-tax loss of £6.4m in the year to 31 March, compared with a
Flybe sells off two new aircraft Published Date: 10 September 2011 Regional airline Flybe has sold two Bombardier Q400 aircraft to a Johannesburg-based bank, which will lease them to South African Express. The aircraft, which were bought new earlier
Millions of passengers faced travel chaos as British Airways cancelled all its flights today in the face of heavy snow that has left airports, motorways and train services disrupted. Since the weekend is the busiest because of
The Bournemouth-bound Flybe aircraft had to turn back because the plane was experiencing 'technical' problems. Worried passengers were told by the captain that the problem was not serious and they would need to turn back to get it checked out.
Flybe announces £850m Embraer plane order The airline says the seating configuration of its planes helps to attract passengers European airline Flybe has announced an £850m ($1.3bn) order for 35 planes as part of its growth plans. The Exeter-based
The new Saturday route, operated in partnership with Humberside Airport , will be the first ever scheduled service to Malaga from the region. It will be operated by one of the airline’s 118-seat Embraer 195 jet aircraft featuring comfortable 2 x 2
It comes as little surprise that BA's cabin crew staff have voted this week to go on strike over Christmas and the New Year . Faced with a two-year pay freeze, reduced staff on long-haul flights and worries that bosses want to recruit new employees