FlyBe ‘could go bust within weeks’ amid coronavirus crisis

Flybe is said to be running out of cash due to the slump in bookings caused by the coronavirus outbreak.

The struggling airline said that it will need a decision from the government about the £100m taxpayers’ loan “in the coming days” or it will not survive until the end of the month.

The continued spread of coronavirus, also known as Covid-19, has hit airlines around the world as people stop travelling.

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Thousands of flights around the world have been cancelled in response to the the spread of the virus.

Flybe was already struggling before the outbreak.

Two months ago, the government announced a £100m loan agreement, thought to be in the shape of a delay in paying Air Passenger Duty for three years, that would keep the airline going.

The decision was due in February but has been delayed.

However, Whitehall officials have revealed that the airline has not met certain requirements set out by the government, the FT reports.

Those briefed on the situation say the airline only has enough money to keep going until the end of the month.

Flybe has been approached for comment.

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