flybe has a different model, a very focused regional operation. re—leased. it renegotiated the leases on the aircraft. but flybmi was never actually a strong brand, so it wasn't able to compete against the bigger players in the industry with a consistently strong brand and strong marketing message. and in the aviation industry, which chews up players like there's no tomorrow and spits them out very quickly if they're not strong players, then in fact, you'll find that flybmi was not able to survive in such a ferocious market. what threat does this raise beyond just the company itself, which has obviously gone under? it's possible that somebody else will step in and try to preserve something from this and bring it out of administration, but leaving that point aside, what about the future of our regional air links in this country? we have quite a number of regional airports. some of them operate on very, very small returns. it's a really good question, because it throws into question the very essence of regional transport strategy in this country. fi

it's expeced that flybe's brand will be replaced by virgin's and its regional routes will be used to after it revealed it had received a subpoena from the us financial regregulator over its accounting policies. it also reported disappointing results and warned of a tough year to come. let's have a look at the share prices, the main share in dices, a bit of a down day yesterday so the net game is pretty small. the euro against the pound at about 87 there. fairly quiet but it positively on the market. back in an hour. conservationists in the galapagos islands have found a giant tortoise from a species thought to have become extinct more than a century ago. the adult female tortoise was found on the island of fernandina in the west of the pacific archipelago, off the coast of ecuador. katie silver reports. many of the 1a giant tortoise species found in the galapagos were wiped out when islands were colonised in the 18th 19th centuries. now after last being cited in 1906 the fernandina giant tortoise appears to be back. it was discovered in a thicket of vegetation on fernandina island, o

over the last few weeks we have seen germania and flybe coming under significant financial stress andgian did an emergency capital raise. everything he said last year has begun to play out. the smaller companies with a lot of debt are the ones that are looking under the weather now. and facebook is 15 yea rs weather now. and facebook is 15 years old! are you a fan? are you celebrating? have you got a cake? you can‘t deny that facebook has had a cute impression globally in the short time of 15 years that it has been around. what we are starting to see now is people are starting to move away from the facebook platform, and it is long in the tooth now, but also because of the compliance issues they have had. last week‘s results were surprisingly strong, despite the fa ct surprisingly strong, despite the fact they had their worst year when it comes to trust and reputation. expectations came down. the other thing to factor in with facebook as it is not just thing to factor in with facebook as it is notjust facebook. they have other tools in their armoury, namely instagram and whatsapp. ins

flybe are on course to lose £7,000 an hour through the winter which is one reason they needed financial reason they needed financial rescue. it isjust a reason they needed financial rescue. it is just a question of having too many airlines and so we saw cobalt airfrom cyprus go noticeably in 0ctober, airfrom cyprus go noticeably in october, we saw three mera air disappear, small airlines which do not have the weight that they are bigger rivals do and are particularly vulnerable. and while it isa particularly vulnerable. and while it is a tragedy, of course, for the people working for flybmi, ultimately they carry as many passengers in one year as ryanair carries on a day and a bit, so to keep things in perspective, it is going to be awful, for passengers and staff, but in terms of overall scale, the roots which other airlines regard as sustainable, they will be filled eventually, but if you're travelling this week, good luck in my sympathies are very much with the hard—working staff of flybmi. just briefly to go back to the rights of passengers in all of this, caught up in it this weeke

and the airline flybe in the uk has warned shareholders it will wind up the company if they do not backn atlantic and stobart air at a meeting on march 4th. it acknowledged that the offer of 1 penny per share is very low, but said without a sale, investors are unlikely to get anything at all for their shares. let's have a quick look at what's trending in the business news this morning. business insider has lots more on thosejeff bezos blackmail claims, particularly his argument that the national enquirer‘s revelations about his personal life were politically motivated. it says the national enquirer is a supporter of president trump, a fierce critic of bezos and of amazon. the washington post, which is owned by mr bezos, has been critical of the president. from the wall streetjournal — pressure grows on the us, china to forge trade deal. top business figures are worried about the consequences of failure in talks before a march deadline. and a little bit more on the asian business use later on. asian shares have been down on those trade concerns. i will see you soon. the rover europe send

. number of airports have fewer flights -- flybe.lems, because we needed to hear that. it was the worst nuclear accident in history. the chernobyl nuclear power plant exploded in 1986 in soviet ukraine. but the cause, and who was to blame, is still being debated. since, then an area of more than 4,000 square kilometres has been abandoned. our science correspondent victoria gill spent a week there with scientists who are studying the radiation—contaminated environment, and met one of the very small number of people who still live within the exclusion zone. after the 1986 explosion at the chernobyl nuclear power plant, more than 4000 square kilometres of spending ukraine and belarus was evacuated. where people moved out of towns and villages, wildlife moved in. but not every village was left for nature to reclaim. we are deep in the chernobyl exclusion zone, and some people still live here. victoria. nice to meet you. today is maria's 78th birthday, and she has made us breakfast. wow. thank you. up up until the day of the accident, thi

struggling uk airline flybe has warned shareholders it will wind up the company if they fail to back stobart air — at a meeting on march 4th. it's acknowledged that the offer ofi penny per share is "disappointingly low" — but says without a sale investors are unlikely to get anything for their shares. indian car maker tata has suffered the worst share fall 26 years as investors reacted to disappointing results. sameer hashmi is in mumbai. wide easing shares have dropped by it so much because it's not the only car—maker experiencing problems. —— why do you think... if you look at what is happening, jl at has become the achilles heel of the company, it's been the main driver in terms of revenues for the company but look at the quarterly results, they reported a loss of almost $4 billion and that's primarily because of an asset impairment for jaguar and that's primarily because of an asset impairment forjaguar land rover which is about three point for billion pounds. the outlook given by the management after that and i was also in that call did not impress analysts. jaguar land rover is

have been a number of airlines that have been very public about their financial difficulties, such as flybei, as they said ina be confused with flybmi, as they said in a statement this morning. and norwegian, which has a very different business model, flying european routes but also flying long haul routes to north america that haven't. .. it's been haul routes to north america that haven't... it's been very difficult for that airline to get those established and to run those profitably. so, yes, there are going to bea profitably. so, yes, there are going to be a lot of airlines at the moment very worried and looking at their finances very carefully. and even larger airlines, we have seen with easyjet, rya nair, even larger airlines, we have seen with easyjet, ryanair, they have faltered a bit. the growth they have had over the last decade or two has begun to slow a bit. it's a very difficult environment at the moment for short—haul airlines. difficult environment at the moment for short-haul airlines. good to talk to you, thank you to murdo morrison from flight global magazine. theresa may

budget airline flybe, which is being bought by a consortium of virgin atlantic, stobart group and cyrust a possible alternative way of financing the firm. but the airline says it's committed to the consortium's offer which remains ‘the best option'. reports suggest a canadian music entrepreneur could be a leading contender to buy uk music chain hmv. the latest rescue bid is said to come from businessman doug putman, owner of canada's sunrise records. the move pits him against sports direct founder mike ashley, who has also placed a bid. that's all the business news. pantomime season is now "behind you", and the uk's longest—serving dame has just taken his final bow. berwick kaler has been donning outrageous wigs, make—up and frocks for the last a0 years, but he's finally decided to call it a day. olivia richwald reports on the end of an era for one of panto's greatest showmen. applause. sit down! you paid for the seats. a standing ovation before he's even uttered a word. me babbies, me bairns! but berwick kaler is no pop star. he's a pantomime dame who, after a0 years, has developed a c

budget airline flybe, which is being bought by a consortium of virgin atlantic, stobart group and cyruse airline says it's committed to the consortium's offer which remains ‘the best option'. reports suggest a canadian music entrepreneur could be a leading contender to buy uk music chain hmv. the latest rescue bid is said to come from businessman doug putman, owner of canada's sunrise records. the move pits him against sports direct founder mike ashley, who has also placed a bid. a quick look at the numbers. the ftse above a quarter of 1%, the ftse 100 clearly keeping ni on events as those negotiating continue with brussels, but will be on the currency markets that you will see the biggest impact. the dax also down on the day. see you shortly. that's all the business news. pope francis has arrived in the united arab emirates, becoming the first pontiff to visit the arabian peninsula. he was greeted on arrival by abu dhabi's crown prince, who escorted him to meet the grand imam of egypt's al—azhar mosque, one of islam's most prestigious centres of learning. ahead of the visit, the pope m