Flybe's hopes of returning to the skies in doubt
The return of budget airline Flybe could be in the balance, after the resignation of a hedge fund manager who was driving the revival of the collapsed business. Lucien Farrell of Cyrus Capital has quit his role as director of the company Thyme Opco, the Telegraph reported. Farrell's departure last week comes after a hearing on 26 February between regulator Civil Aviation Authority (CAA), administrators EY and law firm Freshfields. EY said that take-off and landing slots worth tens of millions of pounds each should be handed over to Thyme Opco, with the company also applying for an operating licence at the hearing. But, according to industry insiders the aviation watchdog delayed the part of the hearing relating to the transfer of of the slots after failing to reach a decision. Story has more.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-03-08/unaligned/flybes-hopes-of-returning-to-the-skies-in-doubt
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Flybe's hopes of returning to the skies in doubt
The return of budget airline Flybe could be in the balance, after the resignation of a hedge fund manager who was driving the revival of the collapsed business. Lucien Farrell of Cyrus Capital has quit his role as director of the company Thyme Opco, the Telegraph reported. Farrell's departure last week comes after a hearing on 26 February between regulator Civil Aviation Authority (CAA), administrators EY and law firm Freshfields. EY said that take-off and landing slots worth tens of millions of pounds each should be handed over to Thyme Opco, with the company also applying for an operating licence at the hearing. But, according to industry insiders the aviation watchdog delayed the part of the hearing relating to the transfer of of the slots after failing to reach a decision. Story has more.<br/>
