Exeter-based airline Flybe has announced plans to run services three times a day to London. For passengers it means the return of a direct link from Devon to the capital. Flybe is Europe's largest regional airline, but it's suffered in the past 18 months.
It's had to cut its budget by £40 million and make 450 staff redundant. Our Business Correspondent Seth Conway reports.
Flybe has announced plans to run services three times a day from Exeter to London City Airport. It means passengers will have a direct link from Devon to the capital. It's part of a £150 million expansion programme to extend services from the terminal in London's docklands.
Flybe welcomes the Chancellor’s comments that the Government will “provide start-up support for new routes from regional airports". Flybe is committed to connecting the UK’s regions to the world and will be unveiling a major programme of new base and route development over the coming months.”
Exeter-based airline Flybe says it's on course to return to profit following its third quarter trading results. UK scheduled revenue per seat was up 2.3 per cent, while costs per seat (excluding fuel and restructuring costs) were down 5.2 per cent.
Last year the airline posted losses of £41m and announced 500 job cuts - more than 100 of them in Exeter. In November it announced a new management team. It now says job losses will be down to 450.
The airline Flybe is expected to agree a deal with Newquay Airport today which will see it continuing to operate flights to London Gatwick until 25 October 2014 - Cornwall's only air link to the capital.
Meanwhile, Cornwall Council is applying for government funding to preserve the route after that date.