Britain’s biggest domestic airline, Flybe could collapse within days after being hit by a slump in flight bookings since the start of the coronavirus outbreak.
The airline, which employs 2500 staff, has informed the government that it is running out of cash and that it is in an ‘urgent’ situation.
In January, the government rescued the airline from collapse through a loan agreement as the airline suffered mounting losses. However, the airline is now on the brink of collapse again less than 3 months later.
According to reports, the airline has asked the government to consider a £100m taxpayers’ loan and that without new funding the airline will not survive until the end of the month.
If the airline collapses, it will follow the collapses of both Monarch Airlines and Thomas Cook within the last three years.
The number of cases of the COVID-19 coronavirus has risen to 85.
Photo Credit: Alan Wilson via Flickr under licence (CC BY-SA 2.0)
