The administrator's report is out -
https://www.ia-insolv.com/case+INTER...N125F0937.html and then click on 'Joint Administrator's Proposals.'
They were losing between £4m-£5m a month and they owe
Dlp Holdings S.À R.L. £49m.
Interestingly,
Dlp Holdings S.À R.L. are the same company who founded Connect Airways who bought the old airline in 2019. So we can finally dismiss the suggestion this was ever a brand new airline - it was always propped up by the same people who were in charge for the final year of the previous incarnation's existence.
The report also confirms the slots were not owned by Flybe as it states:
"there were a number of challenges for Flybe to retain its rights to its slots and to ultimately realise value for them. Unfortunately, the slots at Heathrow which were highly prized in the industry were not Flybe’s to sell or transfer – they were held under an agreement with BA through a European Commission-decreed arrangement. Those slots reverted to BA once they were in jeopardy of the use-it-or-lose-it rule in the absence of a buyer for the Company emerging. Similarly, Amsterdam slots are subject to the rules of Airport Coordination Netherlands, who were unwilling to agree a transfer absent the sale of the Company and its Operating Licence, or a similar substantial transfer of the Flybe business. No offers were received for the airline’s slots, and they were returned to the pool by the relevant slot coordinators."