Struggling airline Flybe ‘set to collapse within hours’

Several FlyBe flights have been cancelled on Wednesday with the carrier facing an uncertain future.

A struggling airline could be set to collapse within hours.

Several FlyBe flights have been cancelled on Wednesday, including two from Glasgow, with the carrier facing an uncertain future.

It comes after a slump in bookings over the coronavirus outbreak.

Flights due to leave the UK have been grounded with rumours mounting that the company could be set to go bust.

The struggling airline was thought to have been saved from collapse earlier this year but has been unable to obtain a £100m loan from the UK Government.

The Financial Times quoted a source saying it only had enough resources to survive “until the end of this month”.

As part of the January rescue deal, it agreed an arrangement to defer tax payments of “less than £10m” with HM Revenue and Customs.

Flybe serves around 170 destinations and operates from a number of Scottish airports, including Glasgow, Edinburgh and Aberdeen.

A Flybe spokesperson refused to comment on the company’s financial situation.

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