Flybe bankrupcy

Flybe Ferrovial

Flybe Bankruptcy Penalizes Ferrovial’s Regional Airports

The drop in demand for travel driven by fear of the coronavirus resulted last week in the first corporate bankruptcy, namely British airline Flybe. The firm was already in serious financial trouble after Brexit and rivalry with other companies in the sector. Amongst the victims of Flybe’s bankruptcy is Spanish group Ferrovial. Through a joint venture with the Australian financial group Macquarie, it controls some of the airports used by the airline.