UK's Flybe enters administration as virus hits flights worldwide

The airline just avoided going bust in January after being granted a tax deferral by the govt. FMTNews Flybe

Flybe failed to turn around its fortunes since being purchased by the Connect Airways consortium last year.

“All flights have been grounded and the UK business has ceased trading with immediate effect,” said the airline, which avoided going bust in January only after being granted a tax holiday by the UK government. The announcement came hours after British media reported that the airline could collapse following its failure to secure a £100 million state loan to help stabilise the business.

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