Cyrus is a hedge fund best known for rescuing Flybe during the pandemic. It took on the airline after a turnaround effort led by Virgin Atlantic fell apart in March 2020. Flybe was one of Britain's biggest regional carriers, with more than 2,300 staff, but it was significantly diminished in size when it tried to relaunch in April 2021, operating routes to only 17 airports in the British and continental markets and employing 279 people. Ultimately it collapsed in January 2023, delivering a hit of up to £70 million to entities linked with Cyrus.