One of Europe’s largest regional airlines, Flybe, has declared bankruptcy

first_imgThe last flights of the Exeter-based airline ended at British airports late last night, after hours of speculation that the company would cease operations. Flybe had been in financial trouble for some time, and fewer passengers due to the outbreak of coronavirus was crucial. Photo: Fb Flybe So Flybe announced today that their planes were grounded, and told its passengers not to come to the airports unless they had arranged a flight with another airline in the meantime.The airline was bought a year ago by a consortium led by Virgin Atlantic, which has invested at least £ 100 million, but Flybe needed more.center_img During the day, railway companies in the UK offered free travel to staff as well as Flybe customers for the next seven days. By the way, Flybe was founded in 1979 and was the largest regional airline, which until yesterday employed about 2000 people. Although he was primarily a regional airline, his planes also flew to some European destinations, including Croatia.last_img read more

Rare multi-property haul hits the market with six houses

first_imgOne of the houses in the 875 Sandgate Rd, Clayfield, listing.Would you buy six houses at once if it brought you $170,000 a year in rent without you lifting a finger? What about if it could be turned into 30 townhouses or 90 units?A rare multi-property haul has hit the market in inner Brisbane with seven properties being sold in a pack in popular rental suburb Clayfield, just 15 minutes from the CBD.All up there are currently 30 bedrooms and eight bathrooms across the properties — and all of them tenanted, bringing in $170,000 a year. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 House 2.Agent Trent Ryan of Calio & Scott Real Estate — Brighton has it listed as 875 Sandgate Road, describing properties as having “a number of opportunities to consider for potential development”.“The site could be transformed into one modern unit complex, or perhaps two to three complexes constructed over an extended time to minimise exposure to the market for an extended period,” was how it was listed. Brisbane’s boom suburbs revealed FOLLOW SOPHIE FOSTER ON FACEBOOK House 3.More from newsNoosa’s best beachfront penthouse is about to hit the market12 hours agoNoosa unit prices hit new record high as region booms: REIQ12 hours agoHe said there were “a number of demolition or relocation approvals in place that will be provided to the purchaser on settlement”,The listing comes as Brisbane’s long talked-about unit oversupply begins to run its course, with experts expecting the market to begin to tighten. House 4.The ideas for the site were plentiful, given it sits off a busy suburban road.“The site yields approximately 145 car spaces, allowing up to 90 to 100 units to be realised from the site. Given the site fronts an entire block on Sandgate Rd, entry and exit points can be off the side street points,” the listing said. House 5.“As a townhouse site there are a number of possible designs to allow up to 30 townhouses being presented to the market.” “Depending on design and configuration this could also include terraced buildings with freehold titles.”“Houses on some of the properties would allow for additional titled townhouses be added to the individual properties with the retention of the current dwellings.” Buyers flocking back at unprecedented levels MORE: Gone in five days as investors surge House 6.If all of that seems a little overwhelming, the sellers were also willing to consider selling the homes “individually, or as a part sale of adjoining properties” and they’d even consider a joint venture. No price has been set on the property with it open to negotiation.This comes as agents have begun reporting increased investor interest in city properties as deposit rates take a hit in the wake of the Reserve Bank of Australia dropping its cash rate target to 1 per cent. The next RBA monetary policy meeting is on August 6.last_img read more