Sky News
Flybe is a smaller, less significant business than when it collapsed for the first time in March 2020, but a second failure in three years raises questions not just for prospective owners, but the connectivity of the UK. Three years ago the failure of what was then Europe's largest regional airline was blamed on the advancing pandemic, but in truth the company had been in trouble for years. A government-brokered deal two months earlier with shareholders, including Virgin and the US hedge fund Cyrus Capital, kept planes in the air, but ultimately they couldn't defy economic gravity.