Hedge fund in talks to reacquire some Flybe assets, Sky reports

Hedge fund Cyrus Capital is in negotiations with Flybe’s administrator, Ernst & Young, to reacquire some of the airline’s assets. A shareholder of Flybe before its collapse this year, Cyrus wants to relaunch a smaller version of the failed carrier next year, Sky reported on Saturday, without saying how it obtained the information. Both Cyrus Capital and EY declined to comment to Sky. A number of former executives of the British airline are involved in the plan, the report says. A precise timetable would depend on demand and the removal of coronavirus lockdown measures. <br/>