Lufthansa and Air France-KLM in talks to buy Flybe out of administration after it went bust for second time in three year
Lufthansa and Air France-KLM are in talks to buy Flybe out of administration after it went bust for the second time in three years.
The German and Franco-Dutch airline groups are interested in the carrier’s lucrative seven pairs of take-off and landing slots at Heathrow and five at Amsterdam’s Schiphol airport.
But Flybe’s administrators Interpath have just days to agree to a rescue that would avoid the business being wound up, sources told The Sunday Telegraph.
Interest: Any buyer would have to take on the whole of the business including its liabilities and assets such as the landing slots
Any buyer would have to take on the whole of the business including its liabilities and assets such as the landing slots, it was reported.
A spokesman for the administrators said they ‘remain in active discussions with credible parties’.
Flybe’s collapse just over a week ago resulted in 276 workers being made redundant and 75,000 passengers losing bookings.
The airline previously went bust in 2020 but returned to the skies last April.
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