Weather
24 ° C
24°C
16°C
Thundery Showers
Breaking News

2 new cases of Covid-19 on 23 Sept. in Monaco brings total to 199: 10 hospitalised - 5 residents, 23 home monitored, 165 healed, 1 resident death

Flybe collapses, airlines cancel flights

Flybe collapses, airlines cancel flights

By Stephanie Horsman - March 5, 2020

There’s flight chaos throughout the region as Europe’s largest regional airline falls into bankruptcy, major airlines cancel flights into France and Italy, and air traffic controllers stage a national strike.

Flybe, a 40-year-old UK-based airline that served more than half the domestic flights outside London, has ceased to operate as of early Thursday morning.  

The downfall of the carrier, which served Nice Côte d’Azur Airport, will result in the loss of over 2,000 jobs, causing chaos at airports around Europe with passengers now scrambling to find alternative travel arrangements.  

Chief Executive Officer Mark Anderson said in a statement that the company had been “unable to overcome significant funding challenges” despite making “every possible attempt” to do so.

Flybe had been in talks with the UK government over a controversial GBP100 million loan, which in the end didn’t materialise before parent company Connect Airways pulled the plug. Couple that with added pressure from loss of bookings over the coronavirus threat, and the company was pushed over the edge.

The financial woes of the airline are nothing new. They ran at losses equalling roughly GBP20 million per year before the Connect takeover and were unable to recover sufficiently afterward, despite official assistance including deferral of tax, promises to review regional air connectivity and the potential loan.  

After the rescue plan was announced in January, competitors of Flybe – Ryanair and IAG, parent company of British Airways – had protested against what they considered to be anti-competitive and illegal subsidies. The government had justified its decision to rescue Flybe due to the importance of the company in domestic services and the economic prosperity attached of several struggling regions.

Flybe’s website urges customers to not travel to the airport and reminds them the airline will not be in a position to assist them in finding other flights. EasyJet has offered some rescue fares for stranded passengers and free flights for Flybe staff to be returned home.

Meanwhile, as ongoing coronavirus fears cause a drop in demand for flights to certain locations, British Airways has cancelled 171 short-haul round trip flights from London Heathrow to countries including Italy, France, Austria and Switzerland. Ryanair also confirmed it will cut 25% of flights in and out of Italy.

It comes as air traffic controllers stage national strike action from 5th to 8th March, disrupting flights throughout the country.

Photo by Alan Wilson

 

 

shares
SHARE
Previous articleAS Monaco Basketball into quarter finals
Next articleJohn Kerry joins Prince Albert in high seas discussion

daily

Stephanie Horsman

Heritage Day and the Monaco Fun Fair have been cancelled, while fabric masks will once again be distributed to residents and the sale of "take-away" alcohol is banned from 8pm.

0
September 23, 2020 | Local News

Water bike challenge pulls in major funds

Cassandra Tanti

Princess Charlene’s epic fundraising adventure, The Crossing: Calvi – Monaco Water Bike Challenge, has raised more than €600,000 for her charity.

0
Cassandra Tanti

A new operational management centre for the fire brigade and a new armed speedboat for the maritime police will help both entities in their fights to keep the Principality safe.

0
September 23, 2020 | Local News

Local campaign targets Covid-related pollution

Stephanie Horsman

A new ocean pollution campaign by Monaco Impact has just been unveiled to educate people about the proper disposal of masks and gloves.

0