ADMINISTRATORS for Flybe have been unable to find a buyer for the collapsed airline.
The carrier relaunched last year under new ownership after the airline collapsed in March 2020 with debts of £789 million.
The original incarnation of Flybe had strong links to the Channel Islands, beginning life as Jersey European Airways, founded by John Habin in 1979, before being sold to Jack Walker.
Both men lived in Jersey. In 2000, the company was rebranded as British European before becoming Flybe in 2002.
In a statement on Wednesday, administrators Interpath said: ‘Discussions with parties regarding a sale of the business have now concluded.
‘Despite significant interest from a number of credible parties, it has not been possible to develop a transaction in the available timeframe and, as such, the joint administrators will now commence the process of winding-down the business and identifying options in relation to the sale of specific rights, interests and assets.
‘As a result, a further 25 employees have been made redundant with immediate effect.’