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Flybe collapses as COVID-19 Causes fall in airline Reservations

Europe’s largest regional airline, Flybe, dropped overnight together with the reduction of tens of thousands of jobs and lots of lifeline air links to portions of the UK.

All flights are grounded and passengers were advised to not visit airports unless they’d made choice flight arrangements.

At a few airports, aircraft had been impounded after the last flight of the day late on Wednesday.

The long-troubled carrier was losing money for many years and was facing enormous cash shortages when worries over COVID-19 delivered bookings into freefall.

Its owners — a consortium backed by investors such as Virgin Atlantic — had hunted a government bailout. however, it’s known this was ruled from ministers.

T is the 2nd UK-based -established airline in four weeks to confront collapse. Thomas Cook went bankrupt in September.

Flybe, that had a significant presence at airports like Exeter, Aberdeen, Birmingham, Belfast City, and Southampton, was flying some 9 million passengers annually to 170 destinations.