Administrators sorting through £650m of debts run up by Exeter’s stricken airline Flybe are looking to claim cash from the new company which has taken its name - if it turns out to be a soaraway success.
Business consultants at EY Parthenon are keeping a close eye on Birmingham-based Flybe Ltd which has just announced it will be flying on 23 routes to 16 airports in the UK and Europe - with the first flight scheduled between Birmingham and Belfast on Wednesday, April 13.
An update on the long-running administration of the Devon airline revealed EY thinks money could still be claimed from the new firm, which bought the business and some assets of the original Flybe Ltd when it went bust.
