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AN airline which served Teesside Airport and collapsed into administration is set to make a return after being bought out.

It is now hoped that Flybe will return to the skies in time for summer. All being well, Flybe could be back flying this summer following the sale. Credit: ITV West Country A spokesperson for the airline said: "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. Flybe spokesperson

Rumours of collapse had been circulating while the final flights were in the air. Yesterday (Wednesday) an asset purchase agreement, which began in October, was finalised. Under the deal, Thyme Opco will be renamed Flybe Limited. Simon Edel, an administrator at EY, said: “Completion of the sale of Flybe is positive news for local communities previously served by Flybe. “The launch of a new Flybe will enhance regional connectivity across the UK and create new job opportunities within the airline industry. “Flybe stands to make an important contribution to local economies as t...

Flybe will return to the skies after administrators said they had completed the sale of the collapsed airline. Thyme Opco has bought Flybe’s business and assets, and plans to resume flights this summer, although on a smaller scale than before. Having struggled for years, the Exeter-based carrier was pushed into administration in March 2020 with the loss of 2,400 jobs as the Covid-19 pandemic destroyed large parts of the travel market. It had a major presence at UK airports such as Aberdeen, Belfast City, Manchester and Southampton, and flew the most UK domestic routes between airports outsi...

Could Flybe make a return to IOM? Wed, 14 Apr 2021 Flybe could resume flying its former routes including the Isle of Man. The collapsed carrier's assets and business have been acquired by new company affiliated with investment adviser Cyrus Capital. The new business aims to relaunch flights this summer. Flybe carried around 8 million passengers a year between 81 airports including Ronaldsways prior to being placed in administration following Covid-19 industry disruption. A Flybe Limited spokesperson added: “We are extremely excited to announce the conclusion of almost six months of ded...