U.K. Airline Flybe Collapses (Again)—Why Governments Should Never Save Failing Airlines [Forbes]
AIR FRANCE-KLM ADS (AFLYY)
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Source: Forbes
When any business fails it is truly devastating on the hard-working employees that make up the lifeblood of a company. In the case of Flybe, unfortunately, today over 2,000 hard workers, many of whom have been at the company for well over a decade have found themselves in a position whereby they have to search for new employment in the aviation industry. The focus and liability have to turn to how the company was managed right at the top, and quite frankly, Flybe was run incredibly poorly for many years. The viability of a regional airline in the U.K. is stretched at best, however, Flybe was again “rescued” by government tax breaks just a month ago, after already being rescued just one year before. Something went fundamentally wrong with the business model and management of Flybe, and it has unfortunately impacted the thousands of hard-working staff there. The last few years have been fairly dire in the airline industry. Jet Airways, Air Berlin, Monarch, Wow Air and Thomas Cook Airlin
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