Lufthansa, Air France-KLM eye Flybe landing slots - report


Lufthansa and Air France-KLM are circling collapsed UK regional airline Flybe to try to obtain its take-off and landing slots at London’s Heathrow Airport, Britain’s Telegraph newspaper reported on Saturday.

Lufthansa and Air France-KLM declined to comment.

The Telegraph said the two airlines were in talks with the administrators of Flybe, which a week ago ceased trading and went into insolvency for the second time in three years, with all flights cancelled and 276 workers made redundant.

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Administrators from Interpath Advisory may have just days to agree to a rescue that would avoid the business being wound up, the newspaper said, citing sources in London’s financial community.

Lufthansa and Air France-KLM are interested in Flybe’s seven pairs of take-off and landing slots at Heathrow and five pairs at Amsterdam’s Schiphol airport, the report said.

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Suitors would need to take on many of the bankrupt airline’s liabilities as well as the potentially lucrative assets, it quoted one source as saying.

If a buyer for Flybe cannot be found it is likely that the slots would be returned to a central pool run by the airports coordinator, it said.

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Source: Reuters

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