British airline FlyBe cancels flights after going bankrupt for the second time

The British airline “FlyBe”, which specializes in regional aviation, today, Saturday, canceled all its flights to and from the United Kingdom, after it witnessed a second bankruptcy.
The company stated, in a statement on its website, that it had informed any passenger who expected to travel on its flights not to go to the airport, according to the BBC.
About 2,500 passengers were scheduled to travel on FlyBe lines, today, Saturday.
The company announced its inability to assist passengers in arranging alternative flights.

On 28 Jan 23 David Pike & Mike Pink were appointed Joint Administrators of Flybe Limited. Flybe has now ceased trading. All Flybe flights from & to the UK are cancelled & will not be rescheduled. Further information can be found @ https://t.co/VbCQW2SmGn & https://t.co/bcNJz3Cthq pic.twitter.com/DhLb8UhwXk

— Flybe ✈ (@flybe) January 28, 2023

The director of the financially troubled Flybe company confirmed that 277 of its 321 employees have been laid off, while Interpath Financial Consulting indicated that the rest of the employees will be retained.
It is noteworthy that the British company “Flybe” witnessed its first bankruptcy in March 2020, due to the closure conditions resulting from the emerging “Corona” virus.
In April 2022, the company was re-launched after it was bought by Thame Opco, a company linked to the US hedge fund Cyrus Capital, which renamed the British airline as Flybe Ltd.
Since then, the airline has resumed operations, with a plan to operate up to 530 flights per week across 23 routes.
Until its recent collapse, FlyBe operated flights on 21 routes from Belfast, Birmingham and Heathrow, to airports across the UK, as well as to Amsterdam and Geneva.