Another airline collapse in the cards? FlyBE this time

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Europe's largest regional airline, Exeter, UK based FlyBE is teetering on the brink of insolvency and might go under, which would strand millions of passengers. It is being reported that it may only be a matter of days to see if they will be able to keep flying or not.

https://www.telegraph.co.uk/business...ks-government/

[bigfrank Administrator Find all posts View Profile Close bigfrank]

Why is it that most of the defaulted airlines are based in Europe?

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Why is it that most of the defaulted airlines are based in Europe?

Part of it is that EU rules do not allow governments to bail them out. Hungary's former airline, Malev, went under when the EU ruled something the government did to help them that was really not a subsidy counted as a subsidy and had to be repaid.

Thanks to Brexit, the UK government has bailed out FlyBE. The EU rule no longer applies to them.

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Why is it that most of the defaulted airlines are based in Europe?

Part of it is that EU rules do not allow governments to bail them out. Hungary's former airline, Malev, went under when the EU ruled something the government did to help them that was really not a subsidy counted as a subsidy and had to be repaid.

Thanks to Brexit, the UK government has bailed out FlyBE. The EU rule no longer applies to them.

[Saitama Junior Member Find all posts View Profile Close Saitama]

I've never heard about this airline before. So, no wonder they collapsed. It's still a really tough time for small players like this.

[Coilavana Junior Member Find all posts View Profile Close Coilavana]

I saw your post while looking for info on airline collapses. It’s crazy how often these things seem to happen, and it’s always the passengers who end up stranded. I’ve learned to plan ahead a bit more, and for longer trips, flying business class can make a big difference if things go south—it’s usually easier to rebook and get some extra comfort while waiting for a new flight.