Very sad day for all in Flybe to say nothing of everyone else who is affected by Flybe's demise. It's a sorry outcome to those optimistic days when we persuaded Jack Walker to base his 2 new acquisitions at Exeter as the embryo of a new regional airline.
The extraordinarily difficult environment over the last few years, culminating in the coronavirus scare, has played a part in the downfall of a good airline.
But no-one should be in any doubt that the blame lies fair and square with a succession of CEO's and their desire to grow their little empire and importance (and remuneration), regardless of the lack of a business case for what they did and the acquisitions they made. One by one they came, failed through incompetence, and departed with outrageous, unearned payoffs. And then the Branson/Stobart takeover. Did no-one look into what they were getting? If they had they would have known that £30m would do little to restore profitability. Was the plan to get it cheap, and then plead "national interest" to get the £100m++ it really needed. We'll never know; all those who made these decisions are away to spend the money they took out of the company.
This is how things are done in our brave new Britain; we mustn't complain.
Let's hope that the maintenance and/or training can be spun off/sold as going concerns, but I suspect that no-one in the airline or the receiver has the nous and ability to make that happen, and I don't know how profitable they would be without the airline operation.