A statement on the airline's website said it had "ceased trading" and told any passengers expecting to travel with it not to go to the airport. The UK Civil Aviation Authority (CAA) said it would provide advice and information to those affected. In March 2020, it announced it would cease trading, citing the coronavirus pandemic as a contributory factor. The company was rescued after being bought by Thyme Opco, a firm linked to US hedge fund Cyrus Capital and subsequently renamed Flybe Limited.