Airline operates several routes at Ronaldsway
Talks to rescue one of the airlines that serves the Isle of Man are reportedly underway.
Sky News claims Flybe has been trying to secure additional funding less than a year after being bought by a Virgin Atlantic-led group.
It's reported the UK Government could step in to provide emergency financing to the firm, with more than 2,000 jobs at risk.
Flybe currently provides flights connecting the Isle of Man with Birmingham, Liverpool and Manchester.
New Year Honours for six Isle of Man residents
President of Tynwald Laurence Skelly receives OBE
Island enjoyed 'reasonable' summer despite no record-breaking temperatures
Senior meteorologist has been reflecting on the weather over the last 12 months
Head of Ambulance Service 'really privileged' to receive New Year Honour
Will Bellamy pays tribute to wider emergency services and healthcare community
Chief Fire Officer 'overwhelmed' after receiving New Year Honour
Mark Christian hopes King's Fire Service Medal will 'shine a spotlight' on Manx emergency service
