EXETER, UK — The British regional airline Flybe has ceased operations after going into administration for the second time in just over a year. The company's revival has been short-lived.

"Flybe has now ceased trading, and all flights from and to the UK operated by Flybe have been canceled and will not be rescheduled," a statement posted on the airline's official website.

The carrier served various destinations within the UK, from its major hubs at Birmingham, Belfast City, and London Heathrow, including some European cities such as Amsterdam and Geneva. This marks the second time the company has faced insolvency in three years, with its previous iteration going bankrupt in March 2020 due to a failed takeover attempt before the outbreak of the Covid-19 pandemic.

In April 2021, Thyme Opco, an affiliate of investment firm Cyrus Capital, purchased the assets of the failed Flybe for just £1. At the time of its collapse, Cyrus Capital held a stake in the airline. Flybe resumed operations in April 2022. That October, the resurrected airline named Dave Pflieger as its new CEO. Pflieger was previously the head of Ravn Air Group, an Alaskan carrier that filed for bankruptcy protection in 2020.

The administrators overseeing Flybe's collapse have partially attributed the airline's financial struggles to delayed aircraft deliveries.

Flybe operated a fleet of eight De Havilland Dash 8-400 turboprops.