One of Europe's largest airlines Flybe could collapse after suffering serious financial losses, it has been reported.
The airline, which runs from East Midlands Airport, is in talks over potential emergency financing.
Sky News reported that Flybe has held talks with the Government on whether they can provide any emergency financing to the company.
If the company collapses, 2,000 jobs could be at risk.
But as the British airline operates from East Midlands Airport, this means popular tourist destinations could be affected.
According to the Flybe website, there are two destinations that the airline operates to from East Midlands Airport.
These are Belfast and Amsterdam.
Last February the airline was bought by a consortium led by Virgin Atlantic following poor financial results.
Connect Airways, which consists of Virgin Atlantic, Stobart Air and Cyrus Capital, paid £2.2 million for Flybe's assets and operations.
Flybe completed the sale of its assets to the group in the deal worth only 1p per share.
A Flybe spokeswoman said: "Flybe continues to focus on providing great service and connectivity for our customers, to ensure that they can continue to travel as planned.
"We don't comment on rumour or speculation."
Spokesmen for the two Government departments issued the same statement, saying: "We do not comment on speculation or the financial affairs of private companies."
