Flybe to wind down as sale talks fail
February 17, 2023
UK regional carrier Flybe will start to wind down the business after its administrators could not reach a deal to sell the airline as a going concern. Joint administrators David Pike and Mike Pink of Interpath Advisory say in a 15 February media statement that although there was “significant interest from a number of credible parties”, they will now look to sell specific rights, interests and assets. Although the airline ceased operations on 28 January after administrators were appointed, some staff were maintained and efforts to gain a temporary operating licence were made, in hope that a rescue buyer might be found. “Unfortunately, there was a challenging set of circumstances at play, including the ‘use-it-or-lose-it’ rules related to slots, complexities with European recognition of a potential Temporary Operating Licence and the high costs associated with preserving the Company’s operating platform, which meant there was a limited window in which a clear path forward could be set,” says Pike. As a result of the failure to sell the company, a further 25 employees have been made redundant, on top of the 277 who lost their jobs when the carrier was placed into administration. Pike adds that administrators will work with lessors to return the remaining aircraft and their records over coming days. Fleets data shows that Flybe has eight De Havilland Canada Dash 8-400s in storage, all of which were leased from Nordic Aviation Capital. The Birmingham-headquartered carrier re-launched in April 2022 under the ownership of US-based private equity firm Cyrus Capital Partners but had struggled with delays in aircraft deliveries from lessors. Just prior to ceasing operations, it was operating on 21 routes to 17 destinations across the UK and Europe, with a strong focus on Belfast.
SAS hit by cyberattack
February 17, 2023
Scandinavian airline group SAS has revealed that it was targeted by a cyberattack on 15 February, with the result that its website and app were down for several hours. The incident, which affected several companies, led to some passengers' data – such as contact details, previous and upcoming flights, and the last four digits of credit-card numbers – being visible during the attack. SAS is currently investigating the incident, but says that there is no risk that credit-card information could be exploited, given the limited data that was exposed. Passport details and EuroBonus points were unaffected. The airline group warns that such attacks often come in batches. It is therefore taking "preventive measures" to ensure the safety of passengers. The cyberattack on SAS is the latest in a series of such attacks targeting companies across the industry. Eurocontrol recently warned that ransomware attacks – in which data is locked until a cash payment is made – amounted to 2.5 attempts per week during 2022, mostly targeting OEMs.
Lufthansa flights grounded following IT failure
February 16, 2023
Lufthansa has suspended services across its network following an IT failure at its Frankfurt hub which has left many systems "not working". In a short statement, the airline says operations have been grounded and that passengers should expect disruption to services and check-in. It attributes the problem to "construction work in the Frankfurt region", adding: "We are working on a solution swiftly." Passengers travelling domestically in Germany are advised to rebook onto train services and apply for refunds.