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flybe is close to collapse, rumors suggest

London, UK - The British regional carrier flybe continues its operations despite the rumors that it’s about to go bankrupt.

According to British media, the company is looking for an immediate solution to survive. flybe did not comment on the issue so far, except a statement posted on the company's one of the social accounts.

flybe continues to provide great service and connectivity for our customers while ensuring they can continue to travel as planned. We don’t comment on rumor or speculation,

The company said on Twitter.

flybe is the biggest regional carrier in the United Kingdom and Europe. The airline flies to 30 destinations in Europe. It carries around 8 million passengers each year and operates a fleet of 74 aircraft that mostly consists of turboprop planes.

Last year the airline was sold to a consortium that comprises of British carriers Virgin Atlantic and Stobart Air, and the investment company Cyrus Capital.

The consortium committed to investing £100 million ($130 million) in the distressed airline and rebrand it as Virgin Connect.

In September 2019, the world's largest leisure operator Thomas Cook went bankrupt. Thousands of passengers were stranded all over the world following the collapse of the British company.

2,000 jobs at risk if flybe collapses. The U.K. Department for Transport is reportedly working to determine whether the government could provide or mediate any emergency funding for the airline.