In less than three months time all helicopter flights to the Isles of Scilly will cease. British International Helicopters (BIH) says it cannot afford to run the route which has been going for almost 50 years.
The company blames the decision on a delay in selling the heliport at Penzance. In 2010 BIH announced it was selling its base in Penzance to a well known supermarket and moving its operations to Lands End and Newquay. It said the changes were needed to save money and cut journey times.
Although plans were approved by the local authority, public objections to the plans have caused a delay in the planning operation - time Dorset-based BIH says it can't afford.
The helicopters carry around a third of passengers with the Scillonian passenger ferry from Penzance and aeroplanes from St Just Airport, near Landsend, also taking passengers to the Isles.
Visitors to the Scillies have reacted with shock to the news.
The company will honour all customer flights booked up until 31 October 2012. Anyone with a flight booked after 1 November will be given a full refund.
The closure of the heliport will affect employees and the company has entered a formal redundancy consultation process.