Flybe’s collapse could be ‘first of many’ airlines

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The failure of Europe’s biggest regional airline Flybe could be the start of more casualties, analysts predict. On Thursday, a global airline industry body warned the financial hit from coronavirus could reach $113bn (£87bn) this year. The bleak prediction came on the same day UK-based Flybe went into administration. Airline experts are forecasting more failures as passengers cancel flights. Flybe’s collapse “will likely be the first of many in 2020,” said James Goodall, transport analyst at Redburn. “We expect that the demand destruction caused by Covid-19 accelerated its demise and we believe further airline bankruptcies should be expected in the…

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Babad, longtime Canadian biz journalist, dies at 66

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Michael BabadMichael Babad, a longtime Canadian business journalist who was at The Globe and Mail in Toronto, died Thursday at 66 from cancer.Andrew WIllis of The Globe and Mail writes, “For much of his career, Mr. Babad was part of a team that ran business coverage at major Canadian media outlets and helped chronicle the corporate agenda. As a Toronto-based wire-service writer and editor at UPI, his articles appeared around the world. A graduate of Ryerson University’s journalism program, Mr. Babad started his career at the Oshawa Times in 1977. He was editor of The Globe’s Report on Business section for…

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