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Flybe Limited, founded in September 2020 as Thyme Opco, is a private limited company which is owned by Thyme Investco Limited - the majority of whose shares are held by DLP Holdings SARL, [44] [45] an affiliate of American hedge fund Cyrus Capital Partners. That was the same company which was involved in the purchase of the original Flybe in 2019.
Flybe (pronounced / ˈ f l aɪ ˌ b iː /), styled as flybe, was a British airline based in Exeter, England. Launched in 1979 as Jersey European Airways , and renamed Flybe in 2002, at various points it was the largest independent regional airline in Europe, and provided more than half of the UK domestic flights outside of London .
Flybe may refer to: Flybe (1979–2020), a defunct regional British airline based in Exeter; Flybe (2022–2023), a defunct regional British airline based in Birmingham
Connect Airways was a consortium formed in December 2018 [1] to acquire the British regional airline Flybe, [2] which had put itself up for sale in November 2018 after issuing a profit warning the previous month, [3] The consortium comprised Virgin Atlantic and the Irish wet-lease specialist airline Stobart Air.
The airline began operations as Flybe Nordic on 20 October 2011 as a joint venture between Flybe and Finnair, following their acquisition of Finncomm Airlines. Flybe sold its 60% to Finnair as a temporary solution at a price of one euro (€1) in March 2015, which was sold three years later to Danish Air Transport. [2]
Flybe, which operated 80% of flights at the airport, and carried over 1.6 million passengers across 14 routes, ceased operations in March 2020. [24] Subsequently, Loganair commenced flights to Aberdeen , Glasgow , and Inverness , [ 25 ] while Eastern Airways commenced flights to Cardiff and Southampton .
The franchise saw all scheduled flights operated by Eastern Airways carry BE (Flybe) flight numbers. Following Loganair's decision to end its partnership with Flybe, Eastern announced a significant expansion onto routes also operated by Loganair, largely targeting the Scottish Highlands , including introduction jet service into Sumburgh for the ...
Under the new deal Flybe was to operate two daily flights, with the afternoon service being dropped. [12] Ryanair returned to the airport in April 2016, after the £5 development fee was scrapped. [13] On 5 March 2020, Flybe ceased trading, leaving Cornwall with no year-round direct flights to London once again.
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