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Flybe up for sale after profit warning

Christine Ourmieres-Widener

Flybe has put itself up for sale – again – following its profit warning in October. According to reports, the airline is also considering a merger and a reduction in the number of routes it flies.

The carrier – the largest regional airline in Europe, with 210 routes from 33 UK airports – came close to striking a sale with Stobart in March, but both companies pulled out after failing to agree a price.

Christine Ourmieres-Widener, Flybe's chief executive, told BBT in December last year that the airline faced a "very challenging time because of the level of fuel prices and because of uncertainty with Brexit".

The British Airline Pilots' Association (BALPA) today said it expected to be consulted by any potential bidders over the airline's 2,300 staff.

General secretary Brian Strutton said: “[Employees] in the UK... will be very worried to hear this morning that their company is up for sale. Despite warnings this will still be a bolt out of the blue. BALPA believes that Flybe is fundamentally a sound airline and we will scrutinise any offers to buy Flybe very carefully to ensure continued employment is protected.

“We also expect to be consulted by Flybe and potential bidders over any future plans they have for the airline and its employees, and we reserve our right to express our opinion and take any other steps in order to protect our members’ interests.”

flybe.com

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