Cyprus Mail
BusinessEuropeInternational

Lufthansa, Air France-KLM eye Flybe landing slots

flybe

Lufthansa (LHAG.DE) and Air France-KLM (AIRF.PA) are circling collapsed UK regional airline Flybe to try to obtain its take-off and landing slots at London’s Heathrow Airport, Britain’s Telegraph newspaper reported on Saturday.

Lufthansa and Air France-KLM declined to comment.

The Telegraph said the two airlines were in talks with the administrators of Flybe, which a week ago ceased trading and went into insolvency for the second time in three years, with all flights cancelled and 276 workers made redundant.

Administrators from Interpath Advisory may have just days to agree to a rescue that would avoid the business being wound up, the newspaper said, citing sources in London’s financial community.

Lufthansa and Air France-KLM are interested in Flybe’s seven pairs of take-off and landing slots at Heathrow and five pairs at Amsterdam’s Schiphol airport, the report said.

Suitors would need to take on many of the bankrupt airline’s liabilities as well as the potentially lucrative assets, it quoted one source as saying.

If a buyer for Flybe cannot be found it is likely that the slots would be returned to a central pool run by the airports coordinator, it said.

Related Posts

Cyprus banks and Junior Achievement educate students on smart spending

Kyriacos Nicolaou

Switzerland’s secretive Credit Suisse rescue rocks global finance

Reuters News Service

Looming SEC judgment weighs Ripple (XRP) and Tron (TRX) prices down while TMS Network (TMSN) presale collects more than $2.5 million

CM Guest Columnist

Britain’s financial industry plans blueprint for post-Brexit ‘kickstart’

Reuters News Service

Is Aptos (APT) the next Solana (SOL)? Here’s why Fantom (FTM) and Orbeon Protocol (ORBN) could surpass both in 2023

CM Guest Columnist

Optimism (OP), Lido DAO (LDO), and RenQ Finance (RENQ) will give the highest returns in the next bull run, here’s why

CM Guest Columnist