The flybe. (Birmingham, GB) trade name is back on the market, with expressions of interest being invited by April 11, 2023, from prospective buyers keen to acquire the brand and supporting assets of the defunct regional airline.
This is according to an announcement by Hilco Streambank, a New York-based advisory firm specialising in intellectual property disposition, acting on behalf of flybe.'s joint administrators, David John Pike and Michael Robert Pink of Interpath Advisory.
"This opportunity offers a prospective buyer the chance to acquire the brand and supporting assets behind a much-loved and respected player in the travel industry in the UK and beyond and reignite the brand in the market," Hilco declared in a statement.
Up for grabs are flybe.'s title and interest in the assets, which include the brand and a portfolio of domain names, including the website flybe.com. The company also owns the copyright of the website content hosted on various domains. Rights in the flybe.-branded social media accounts are also available to acquire across Facebook, Instagram, LinkedIn, and Twitter, with almost 312,000 followers across the various platform. UK and international trademarks protect the flybe. brand.
This comes after the joint administrator recently informed creditors that the company in its current form could not be rescued and would most likely be dissolved after all assets have been sold to generate payout for shareholders and creditors. The administrators have placed the airline's total deficiencies at GBP82.6 million pounds (USD103 million), with only GBP6.5 million (USD8 million) cash in the bank.
