UK regional carrier Flybe has collapsed into administration for a second time, immediately ceasing trading, after barely a year of operations in its revived guise.
David Pike and Mike Pink of insolvency firm Interpath Advisory have been appointed as joint administrators.
“Flybe has now ceased trading and all flights from and to the UK operated by Flybe have been cancelled and will not be rescheduled,” a statement posted on the carrier’s website discloses.
Flybe operated scheduled regional services within the UK with significant operations at Birmingham, Belfast City and London Heathrow. Additionally, it served European destinations including Amsterdam and Geneva.
It is the second insolvency for the carrier in three years: its predecessor also fell into administration in March 2020 after a failed takeover ahead of the Covid-19 pandemic.
Assets of the collapsed airline were later acquired for £1 in April 2021 by Thyme Opco, a company affiliated with Cyrus Capital, an investment firm which held a stake in the carrier prior to its collapse. Flybe operations restarted in April 2022.
In October that year the resurrected Flybe appointed Dave Pflieger as chief executive, the former boss of Alaskan carrier Ravn Air Group which entered bankruptcy protection in 2020.
In common with its predecessor, Flybe operated a fleet of De Havilland Canada Dash 8-400 turboprops; Cirium fleets data lists eight of the type in service.
Pike and Pink have a history handling airline insolvencies: the pair previously handled the liquidation of Norwegian Air UK Ltd.