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Flybe closes Bristol operating base, appoints new chief financial officer

16 April 2007

UK regional airline Flybe said it has closed one of the operating bases of BA Connect, the loss-making former UK regional operation of British Airways PLC that it purchased last month, as it announced the appointment of a new chief financial officer.

Flybe said last month that it plans to cut about 200 jobs as part of the integration of BA Connect, which will lead to the closures of BA Connect’s head office in Manchester and an engineering centre on the Isle of Man.

The reductions are part of a plan to make cost savings and revenue gains of more than 40 mln stg a year to staunch similar annual losses accumulated by BA Connect in its last 12 months of operations, the FT said.

source: Forbes

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