Flybe mandates Cabot for E195 remarketing

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Flybe has hired Cabot Aviation to remarket five Embraer 195LR jets that the UK regional carrier currently operates.

The 118-seat configuration jets will be offered under sublease contracts, says Cabot.

Flybe has a fleet of 14 E195s under operating leases from several lessors. Flightglobal’s Ascend Online database shows that three 2008-vintage units are currently stored.

In February, the low-cost carrier revealed plans to ground 10 aircraft by the end of March, and another four by the end of the summer, to address surplus capacity.