Thomas Cook aircraft stored after it collapsed in September 2019 following lack of bailout deal. Photo According to Reuters, the U.K. Prime Minister Boris Johnson said he would ensure the country has the regional connectivity it needs when commenting on the Flybe bailout. In a BBC television interview, Johnson went on to say that,
“It is not for the government to step in and save companies that simply run into trouble, but be in no doubt that we see the importance of Flybe in delivering connectivity across the whole United Kingdom,”
Flybe was recently acquired by Connect Airways, a consortium of Virgin Atlantic, Stobart Group and Cyrus Capital. The new owner will lead Flybe to rebrand as Virgin Connect in the coming months.
Will the APD deferral help Flybe be sustainable in the long-term? Will Connect Airways be successful in connecting the U.K., or could it follow Branson's luck with Little Red? We'll have to wait and see.