The airline was relaunched in Birmingham – with no routes to the Channel Islands – last year.
However, ‘Flybe 2.0’ was ultimately unsuccessful, with all flights ceasing in January. The brand is now up for sale once more, going on the market last month.
CLICK TO ENLARGE: The routes announced when Flybe relaunched in 2022.
Property advisory firm Hilco Streambank has been assigned the task of selling the Flybe brand, its trademark, domain name, website content and social media accounts.
The administrator for Flybe, Interpath Advisory, has confirmed that it will begin the winding down process for the former airline.
Managing Director at Interpath, David Pike outlined the challenges of finding a new buyer.
He said: “Unfortunately, there was a challenging set of circumstances at play, including the use-it-or-lose-it rules related to slots, complexities with European recognition of a potential Temporary Operating Licence and the high costs associated with preserving the company’s operating platform, which meant there was a limited window in which a clear path forward could be set.”
The scale of the challenges faced by any potential buyer was further outlined last week, when administrators revealed that Flybe had been losing an average of £5m every month following its relaunch, placing the airline’s total deficiency at more than £82m, according to industry publication FlightGlobal.
Expressions of interest for purchasing Flybe must be made by Tuesday 11 April.
READ MORE…
FOCUS: The final chapter of Jersey-founded Flybe comes to an end
Island flights not on Flybe agenda