Cyrus Capital Partners, L.P. agreed to acquire business and assets of Flybe Group Plc on October 19, 2020. Cyrus Capital Partners, L.P. will acquire remaining assets, including intellectual property, brand, web address, stock and equipment of Flybe Group PLC. The deal is expected to allow the business to restart operations under the Flybe brand in early 2021. The transaction is subject to certain confidential conditions and the deal must pass regulatory hurdles before being finalized. Alan Hudson, Joanne Robinson, Lucy Winterborne and Simon Edel of Ernst & Young are appointed as joint administrators. Nicholas Myatt of Bryan Cave Leighton Paisner acted as legal advisor to administrators of Flybe Limited on the deal. Cyrus Capital Partners, L.P. completed the acquisition of business and assets of Flybe Group Plc in October 2020.