Monarch Airlines is ending all flights from East Midlands Airport in April next year.
The carrier currently offers more than 30 flights a week to nine destinations across Europe from East Midlands.
The airline says staff based at the airport will be relocated to Birmingham and Luton.
Two families who thought they were off to Spain on holiday, almost ended up flying to Latvia instead, after a blunder by Ryanair staff.Read the full story ›
Jet2 have confirmed to ITV News Central this morning that the emergency over East Midlands airport was not caused by a passenger on board the plane but by a "minor" mechanical issue.
A team of engineers and mechanics will now be examining the plane over the next few days.
The plane was last night diverted to Manchester airport where passengers disembarked and continued their trip to Heraklion on a different plane.
East Midlands airport were only able to confirm that a plane was held for a while over the airport as a "precautionary measure".
Speaking after a Boeing 737 Jet2 plane declared an emergency after taking off from East Midlands Airport headed for Crete, an official for the airline said:
Flight LS625 has landed safely at Manchester Airport. All passengers have disembarked and will shortly continue on their journey to Greece on board another aircraft. We apologise for any inconvenience caused to our customers”.
Airline Jet2 has confirmed the flight which took off from East Midlands Airport headed for Heraklion in Crete has diverted to Manchester, where passengers can disembark and board another plane on to Crete.
Air Live Net is tweeting that the Boeing 737 which declared an emergency shortly after taking off from East Midlands Airport is starting its descent.
Flight LS626 has been circling at 19,000 feet, with reports it has been burning off fuel.