Eastern Airways, a UK regional airline, is facing potential insolvency, which may jeopardize numerous jobs. On Monday, the airline filed a notice of intention to appoint an administrator, a formal action that allows for up to 10 days of legal protection from creditors while the company explores restructuring or rescue options. This announcement has already led to the cancellation of multiple regional flights, including routes between Teesside and Aberdeen.
Operating across the UK, Ireland, and Europe, Eastern Airways provides essential services that are particularly vital in remote areas, having been supported by the Scottish government through a Public Service Obligation (PSO). The airline has a significant presence in the oil and gas sector, connecting cities such as Aberdeen, Humberside, Teesside, and Wick, where its services are crucial for the local communities.
The airline has faced financial difficulties since the onset of the COVID-19 pandemic, largely due to a decline in passenger numbers. Founded in 1997 and based at Humberside Airport, Eastern Airways also operates from various locations, including East Midlands, Jersey, Manchester, Newcastle, Newquay, and Southampton, as well as Esbjerg in Denmark.
Recent flight cancellations have impacted various routes, notably a 0700 flight from Newquay to London Gatwick and the 1815 flight from Teesside to Aberdeen. Observers are awaiting comment from Eastern Airways and the UK Civil Aviation Authority (CAA) regarding the situation and its implications for passengers and employees.
Source: https://www.bbc.com/news/articles/cd04vyg4x19o?at_medium=RSS&at_campaign=rss