Advertisement

  1. ITV Report

Flybe puts itself up for sale

Photo: Credit: Tim Goode/PA

Airline company Flybe, which operates many flights out of Southampton, has announced it has put itself up for sale.

It says the decision follows battles against challenging conditions in the aviation industry.

The group has hired Evercore as an adviser to help with the review and sales process.

It comes just weeks after Flybe warned over profits following easing demand and a £29 million hit from rising fuel costs and the weak pound.

“This is more uncertainty for the staff we represent at Flybe.

“We are offering our full support to those affected and hope that whatever happens Flybe can continue as a going concern with jobs protected.

“Urgent talks have already begun between Prospect and the company and we will continue to represent the views of our members in discussions with them.”

– Garry Graham, Deputy General Secretary of Prospect Union

Prospect represents several hundred FlyBe staff.