Airline giants Lufthansa and Air France-KLM circle collapsed Flybe
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Lufthansa and Air France-KLM in talks to take Flybe out of administration after it went bankrupt for the second time in three years
Lufthansa and Air France-KLM are in talks to take Flybe out of administration after it went bankrupt for the second time in three years.
The German and French-Dutch aviation groups are interested in the airline’s lucrative seven pairs of take-off and landing slots at Heathrow and five at Schiphol.
But Flybe’s trustees Interpath have just days to agree to a bailout that would prevent the company from being liquidated, sources told The Sunday Telegraph.
Interest: Each buyer would have to take over the entire business, including the liabilities and assets, such as the landing slots
Each buyer would have to take over the entire business, including the liabilities and assets, such as the landing slots, it was reported.
A spokesman for the administrators says that they will continue to ‘actively talk to credible parties’.
Flybe’s collapse just over a week ago saw 276 employees laid off and 75,000 passenger bookings lost.
The airline previously went bankrupt in 2020, but returned to the air last April.