“Flybe has called in accountants from KPMG as the low-cost airline attempts to save itself from collapse.
Britain’s biggest regional airline sounded the alarm yesterday by putting itself up for sale. The announcement came as half-year profits plunged and the company’s auditor, PwC, warned of “significant doubt” over its future.
KPMG has been appointed to provide Flybe with advice on its cash flow. City sources said the Monarch Airlines administrator is the frontrunner to take on a potential insolvency. …”