Flybe acquired by Connect Airways, chief departs

Published on : Wednesday, May 29, 2019

Christine Ourmières-Widener has decided to step down from her role as chief executive of Flybe after the collapse of the carrier and eventual acquisition by Connect Airways. On July 15th she will step down.

 

 

Led by Virgin Atlantic and Stobart Air  Connect Airways and is funded by Cyrus Capital as a third party.

 

 

In a deal valuing the company at one pence per share the organisation took control of two Flybe in February.

 

Due to the rising fuel prices, slowing economies in its key markets, over capacity in European aviation Flybe was pushed to the point of bankruptcy.

 

 

Jonathan Peachey, director, Flybe said that on behalf of the entire Flybe board, he wanted to extend gratitude to Christine Ourmières-Widener for her commitment and significant contributions to Flybe.

 

 

Christine had put in tireless  tireless efforts to safeguard the future for the customers and communities who rely on Flybe, as well as the company’s employees, its pension fund members and its creditors.

 

 

Flybe said expects to be in a position to announce a successor before Ourmières-Widener’s departure.

 

Christine Ourmières-Widener said that she it was a privilege to lead Flybe over the past two years and to work with such an outstanding and dedicated team of professionals.

 

She went on saying that together they  have been able to secure the jobs of our loyal Flybe employees with the sale to Connect Airways and provide  customers and the UK with the vital transport and travel infrastructure they rely on, while preparing Flybe for a bright future under its new ownership.


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