Virgin Atlantic Boeing 787-9 © Boeing Thyme Opco, a company affiliated to Cyrus Capital, has acquired the brand and the remaining assets of flybe. (BE, Exeter ) and plans to revive the carrier as an "essential regional connectivity" provider, administrator EY said in a press release distributed to the British media.
The value of the transaction was not disclosed. It was still subject to certain confidential conditions.
flybe.’s remaining assets were purely non-aviation and consisted of office equipment and the like, as well as intellectual property. The carrier’s Air Operator’s Certificate (AOC) was suspended but valid as of September 7, 2020, although the UK Civil Aviation Authority would have to reinstate its Operating Licence before the restart – the document was revoked in late April 2020.
Thyme Opco said that while it was seeking to revive flybe., the carrier would be smaller than before its collapse. Still, the investor plans "to create valuable airline industry jobs, restore essential regional connectivity in the UK and contribute to the recovery of a vital part of the country’s economy". The airline could restart in early…
Nigeria has granted daily traffic rights to British Airways , Virgin Atlantic , and Turkish Airlines , while continuing to ban other European carriers over reciprocal visa issues.
From October 2, British Airways and Turkish Airlines, along with Ethiopian Airlines , RwandAir , ASKY Airlines , and Air Côte d’Ivoire have approval to operate daily flights to Lagos and Abuja , according to the latest flight schedule update from the Nigerian Civil Aviation Authority (NCAA).
Africa World Airlines has approval to operate twice-daily flights to Lagos and daily ones to Abuja; while Virgin Atlantic, Qatar Airways , Delta Air Lines , and Kenya Airways may now fly daily to Lagos, according to the approval signed by NCAA Director-General and Chief Executive Officer, Captain Musa Nuhu.
Meanwhile, the West African country continues to blacklist Lufthansa , Air France , and KLM Royal Dutch Airlines over travel restrictions imposed on Nigerian tourist visa holders by the European Union. This despite a meeting between Nigeria’s Aviation Ministry and EU ministers last month when…
SpiceJet (SG, Delhi Int’l ) has confirmed it will launch scheduled services from both Mumbai Int’l and Delhi Int’l to London Heathrow starting on December 4, 2020.
Flights from Delhi will operate 2x weekly and from Mumbai weekly. The services will be SpiceJet’s first intercontinental services. The low-cost carrier is a predominantly domestic airline […]