Putting things in capitals doesn't make it fact. Stobart pulled the plug on Flybe funding, Not Virgin, Not Cyprus. Cyprus tried to get a new AOC to transfer Flybe over too but the situation changed faster than expected. Aviation can rebuild with the rest of the economy, just like it did in 2008.[/QUOTE]
Flybe was heading in the right direction of stopping losing money but unfortunately Stobart was have their own money problems and could not afford to pump any more money in to Connect Airways plus not getting the £100m loan from the government. Virgin and Cyrus had no choice but to put flybe in to adminstration. As well as Connect Airways.
While now flybe has be bought back from administration, Cityjet are in the process in buying Stobart Air, unfortunately this is taking longer that expected as EIR went out to tender.
There may be more behind this with CityJet Getting E190's from their parent company Falko.