Flybe boss Mark Anderson has expressed his regret that the firm has been forced to enter administration with immediate effect.
He said Europe’s largest independent regional airline had been unable to overcome significant funding challenges to its business. This has been compounded by the outbreak of coronavirus which in the last few days has resulted in a significant impact on demand.
Mr Anderson said: “The UK has lost one of its greatest regional assets. Flybe has been a key part of the UK aviation industry for four decades, connecting regional communities, people and businesses across the entire nation.
“I thank all our partners and the communities we have been privileged to serve. Above all I would like to thank the Flybe team for their incredible commitment and dedication.”
All flights operated by Flybe have been cancelled with immediate effect.