The popular airline Flybe has ceased trading and cancelled all its scheduled flights.

The regional carrier has released a statement that says it is “sad to announce that Flybe has been placed into administration”.

The statement urges passengers not to travel to airports and said it would not be able to help to arrange alternative travel.

However, the UK Civil Aviation Authority (CAA) has said it will provide advice and information for affected passengers.

Flybe airline collapses into administration

The news marks the second time Flybe has ceased trading after it entered administration in March 2020.

The company was saved by Thyme Opco, a business linked to US hedge fund Cyrus Capital, which later became Flybe Limited.

In April 2022, the airline resumed operations with plans to operate 530 flights per week over 23 routes.

A statement from CAA consumer director Paul Smith said: “It is always sad to see an airline enter administration and we know that Flybe’s decision to stop trading will be distressing for all of its employees and customers.

“We urge passengers planning to fly with this airline not to go to the airport as all Flybe flights are cancelled.

“For the latest advice, Flybe customers should visit the Civil Aviation Authority’s website or our Twitter feed for more information.”