UK markets closed
  • FTSE 100

    5,860.28
    +74.63 (+1.29%)
     
  • FTSE 250

    18,109.57
    +215.15 (+1.20%)
     
  • AIM

    980.45
    +11.44 (+1.18%)
     
  • GBP/EUR

    1.0988
    -0.0074 (-0.67%)
     
  • GBP/USD

    1.3038
    -0.0042 (-0.32%)
     
  • BTC-GBP

    9,958.68
    +71.12 (+0.72%)
     
  • CMC Crypto 200

    260.05
    -1.40 (-0.54%)
     
  • S&P 500

    3,465.39
    +11.90 (+0.34%)
     
  • DOW

    28,335.57
    -28.09 (-0.10%)
     
  • CRUDE OIL

    39.78
    -0.86 (-2.12%)
     
  • GOLD FUTURES

    1,903.40
    -1.20 (-0.06%)
     
  • NIKKEI 225

    23,516.59
    +42.32 (+0.18%)
     
  • HANG SENG

    24,918.78
    +132.65 (+0.54%)
     
  • DAX

    12,645.75
    +102.69 (+0.82%)
     
  • CAC 40

    4,909.64
    +58.26 (+1.20%)
     

Hedge Fund in Talks to Reacquire Some Flybe Assets, Sky Reports

Katharina Rosskopf
·1-min read

(Bloomberg) --

Hedge fund Cyrus Capital is in negotiations with Flybe’s administrator, Ernst & Young, to reacquire some of the airline’s assets.

A shareholder of Flybe before its collapse this year, Cyrus wants to relaunch a smaller version of the failed carrier next year, Sky reported on Saturday, without saying how it obtained the information.

Both Cyrus Capital and EY declined to comment to Sky.

A number of former executives of the British airline are involved in the plan, the report says. A precise timetable would depend on demand and the removal of coronavirus lockdown measures.

Flybe went into administration in March after last-ditch talks about a U.K. government bailout failed.

For more articles like this, please visit us at bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2020 Bloomberg L.P.