British regional airline Flybe is teetering on the edge of bankruptcy, and the U.K.’s Department for Transport and Department for Business, Energy and Industrial Strategy are weighing whether they can provide rescue funding, according to Sky News.

Flybe, which is slated to change its name to Virgin Connect this year, was acquired last February by a consortium called Connect Airways, which includes Virgin Atlantic.

In statements, Flybe and the Department for Transport neither confirmed nor denied the Sky News report. 

“Flybe continues to focus on providing great service and connectivity for our customers, to ensure that they can continue to travel as planned,” the company said, adding that it doesn’t comment on “rumor or speculation.”

The Ministry for Transport issued a similar statement. 

“We do not comment on speculation or the financial affairs of private companies,” a spokesperson said.

Flybe serves 15 countries and 80 airports, with a strong focus on U.K. domestic travel.


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