BRITISH regional airline Flybe Limited has been formally excluded from coverage by the AFTA Chargeback Scheme (ACS).
The change in status, which is the result of a formal board decision, became effective at 4pm yesterday, 28 Jan, meaning that no claims for protection will be authorised in relation to travel arrangements with Flybe booked after that time.
Flybe, which has a fleet of almost 70 turboprop aircraft operating domestic and European routes, is currently undergoing a restructure which includes a potential 100 million loan from the UK government, as well as a delayed Air Passenger Duty payment (TD 15 Jan).
The airline was taken over last year by a consortium led by Richard Branson’s Virgin Atlantic, Delta Airlines and venture capital fund Cyrus Capital.
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Source: traveldaily