Belfast Telegraph

Flybe loses finance boss just as new chief joins

By Lucy Tobin

Flybe's long-standing finance director has resigned, just three working days after the struggling airline's new chief executive started his job.

Andrew Knuckey had been finance boss at the turbulent regional carrier since 2007. He played the lead role in its 2010 listing on the London Stock Exchange and in the implementation of the first phases of its turnaround plan.

That involved Flybe pulling out of Gatwick, selling all its 25 daily slots at the airport to Easyjet for £20m, and axing almost 600 staff, including a fifth of its management team, to save money. In June, Flybe still slumped to a £40.7m annual pre-tax loss.

Since then, the executive chairman role held by the founder Jim French has also been split, making him chairman and handing former Easyjet manager Saad Hammad the chief executive's job.

Now Mr Knuckey "has decided it is an appropriate time to step down from the board and leave the company as soon as a successor can be appointed", Flybe said.

"Mr Knuckey is looking to pursue a number of finance opportunities," it added.

Belfast Telegraph