– Jim French, chairman and chief executive of Flybe
I am extremely disappointed that many valued and hard-working colleagues may have to leave the organisation.
It's a decision the board and I have not taken lightly; it's one we have tried to avoid and it is the first time in almost 30 years of business that we have had to take such action.
Around 300 jobs are to be axed at regional airline Flybe as it battles to slash costs by £35 million to stem losses.
The Exeter-based carrier announced plans to cut around 10% of its 3,000-strong UK workforce and is considering outsourcing further support functions, including ground handling and onboard catering.
Support and production roles such as human resources and IT will be affected by the jobs cull, while around a fifth of its management team is being cut.
The group is also putting its network of 13 UK bases under review and will give further details in the summer.