Wednesday evening marked the end for embattled British regional airline Flybe. The carrier entered administration (a UK version of bankruptcy protection) and ceased operations. All future flights are canceled, leaving passengers, airports and employees across the United Kingdom to wonder what the future holds.
Flybe’s absorbtion into the Virgin Atlantic family receive final approval from the European Commission last week, with conditions applied. At least one competitor will be disappointed at just how limited the conditions are.
IATA issued updated guidance on the potential impact of Brexit this morning and the news is not good. The lack of agreement on the future of the air travel market presents massive challenges and IATA CEO Alexandre de Juniac predicts chaos if significant progress is not realized soon.