Sabe has moved into Building 92, The Parachute Store, a 968 sq ft heritage facility at the 444-acre Bicester Motion site in Oxfordshire.

The company delivers services across simulation, design, testing, and performance analysis, and has experience working with hypercars, supercars, and America’s Cup elite sailing teams.

Gerson Garsed-Brand, founder of Sabe, said: “Bicester Motion felt like the obvious choice as we enter this next phase of growth supporting our client-base.

“The location, culture, and energy of the place are genuinely unique, and closely aligned with what we do.

“Being part of a community that lives and breathes automotive and engineering innovation is hugely important for us.

“The Parachute Store gives us a distinctive base, and we’re looking forward to embedding ourselves within the wider ecosystem here.”

The company has been a key partner to the Cadillac Formula 1 team, supporting the development of its computational fluid dynamics (CFD) processes, data infrastructure, and ongoing aerodynamic performance work.

Sabe offers end-to-end aerodynamic services, from concept design and simulation to wind tunnel testing and bespoke software solutions.

The move from Silverstone Park’s innovation centre to Bicester Motion signals a major step in the company’s growth plans, including expanding its UK team to 11 by September this year and broadening its international reach.

Building 92, dating back to 1926, originally housed parachute-related activities and retains features such as controlled ventilation and temperature regulation.

Sabe’s arrival marks a return to Bicester Motion for its founder, who previously worked on-site during a collaboration with PhysicsX.

Daniel Geoghegan, chief executive officer at Bicester Motion, said: “Sabe is a fantastic addition to Bicester Motion and a strong reflection of the calibre of businesses choosing to locate here.

“Their expertise sits right at the forefront of high-performance engineering, and their work across Formula 1 and beyond speaks for itself.

“The Parachute Store is one of our most characterful buildings, and it’s fitting to see it brought back into active use by a company shaping the future of performance.

“Sabe’s arrival further strengthens our position as the home of automotive and mobility innovation, where heritage and cutting-edge engineering come together.”

Bicester Motion is home to over 50 pioneering mobility businesses, including the Audi Revolut F1 Team, Motorsport UK, Skyports Infrastructure, and Polestar’s UK headquarters.

In summer this year, YASA, the Mercedes-Benz-owned University of Oxford spin-out, is due to relocate its circa 400 staff to Bicester Motion’s The Ranges.

Spirit Airlines, which once operated hundreds of daily flights on its bright yellow planes and employed about 17,000 people, said it had “started an orderly wind-down of our operations, effective immediately”.

The major airline known for offering budget flights said on its website that all flights have been cancelled and customer service is no longer available.

“We are proud of the impact of our ultra-low-cost model on the industry over the last 34 years and had hoped to serve our guests for many years to come,” the announcement said.

Spirit Airlines shuts down after 34 years – how to get refunds

If you’ve booked flights with Spirit Airlines to US hotspots, you might wonder what you should do to secure a refund.

The company told customers that they could expect refunds, but there would be no help in booking travel on other airlines.

It warned its customers not to arrive at airports following the cancellation of all its flights.

To check your refund status, you’ll need to log on to the website or search for your trip.

The shutdown was expected after Friday came and went without a needed government bailout for the cash-strapped business.

President Donald Trump said on Friday that his administration had given the budget carrier a “final proposal” for a taxpayer-funded takeover to keep it from going under, but a deal was not reached.

Mr Trump floated the idea of a bailout last week after the airline found itself in bankruptcy proceedings for the second time in less than two years, with jet fuel prices soaring because of the Iran war.

17,000 jobs could be affected by Spirit Airlines’ collapse

Spirit lawyer Marshall Huebner said that about 17,000 jobs could be impacted by a shutdown.

Spirit has struggled financially since the Covid-19 pandemic, weighed down by rising operating costs and growing debt.

By the time it filed for Chapter 11 protection in November 2024, the airline had lost more than 2.5 billion dollars since the start of 2020.

The budget carrier sought bankruptcy protection again in August 2025, when it reported having 8.1 billion dollars in debts and 8.6 billion dollars in assets, according to court filings.

Supporters of a rescue, including labour unions representing Spirit’s pilots, flight attendants and ramp workers, said a collapse would put thousands of Americans out of work and hurt consumers by reducing airline competition and increasing airfares.

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Where did Spirit fly passengers to?

Budget-conscious and leisure travellers would likely feel Spirit’s absence the most, especially in places where the airline has a big footprint, such as Las Vegas and the Florida cities of Fort Lauderdale and Orlando.

The carrier flew about 1.7 million domestic passengers in February, roughly half a million fewer than during the same month a year earlier, according to aviation analytics firm Cirium.

Spirit also has sharply reduced its capacity, with about half as many seats available this month than in May 2024.

The Real Greek will be keeping a total of 19 locations open (out of a possible 28), after Japanese restaurant group Toridoll, the owner of The Real Greek’s previous parent company, Fulham Shore, was placed into administration.

Cote owner Karali Group confirmed on Friday (May 1) that it had struck a rescue deal for the business.

Although more than 100 jobs will be lost, the new owner said it will secure the future of 358 workers.

Industry publication Propel reported that The Real Greek’s central kitchen will also be closed.

The restaurant chain’s website shares: “At The Real Greek, we believe food is more than what’s on the plate, it’s a feeling.

“Rooted in the flavours of the Eastern Mediterranean, our menu celebrates the dishes you’ll find in homes and tavernas across Greece.

“From flame-grilled souvlaki and traditional meze to fresh salads, warm flatbread and time-honoured recipes, everything we serve is designed to be shared.

“Simple ingredients. Bold flavours. Honest cooking.”

It adds: “But what truly defines us is filoxenia, the Greek philosophy of heartfelt hospitality.

“It’s about generosity, warmth and making every guest feel welcome, like they’ve stepped into someone’s home rather than just a restaurant.

“We bring people together over dishes that take you to Greece.

“Whether you’re gathering for a celebration, a casual catch-up or a spontaneous midweek meal, our aim is always the same: to create moments worth sharing.”

Which Real Greek restaurants are closing in the UK?

The Real Greek restaurants closing across the country, according to the BBC, are as follows:

• Spitalfields, London
• Westfield, London
• Dulwich Village
• Bristol
• Strand, London
• Solihull
• Gloucester Quays
• Glasgow
• Edinburgh

Full list of The Real Greek locations remaining open after rescue deal

However, these are The Real Greek sites that will stay open:

• Bankside, London
• Bluewater
• Bournemouth
• Bracknell
• Braintree
• Covent Garden, London
• Liverpool
• Manchester – Corn Exchange
• Manchester – Trafford Centre
• Marylebone, London
• Norwich
• Sheffield Meadowhall
• Soho, London
• Southampton
• St Martin’s Lane, London
• St Paul’s, London
• Tower Bridge, London
• Westfield, Stratford City
• Windsor

Last month, Fulham Shore said it was reviewing future options for the Greek restaurant chain.

It announced the review as it launched a company voluntary arrangement (CVA) restructuring process for sister restaurant brand Franco Manca, which will see it shut 16 venues with the loss of 225 jobs.

What happens when a company goes into administration?

Marcel Khan, chief executive of Fulham Shore, said: “The transaction will ensure that the business is placed on a more sustainable footing for the future, while allowing The Fulham Shore to focus its energy and investment behind Franco Manca and its significant growth potential.

“We’re pleased to be handing it over to Karali with real momentum.

“We will now do everything we can to support colleagues affected by this process and believe that both the brand and its teams will be in very good hands as the business moves into its next chapter.”

Toridoll said earlier on Friday that The Real Greek had suffered more due to current poor trading conditions.

It said: “In recent years, high levels of inflation in the UK, driven by rising energy and food prices together with increase in labour costs resulting from rises in the minimum wage, have created a more challenging operating environment for the hospitality industry than initially anticipated.”

Toridoll added: “The deterioration in the economic environment has had a more significant impact on the Greek restaurant brand The Real Greek than on the Franco Manca business.”

Fulham Shore was bought by Toridoll, with backing from investment firm Capdesia, in 2023 for £93.4 million.

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Paul Berkovi, managing director at administrators Alvarez & Marsal, said: “We have worked closely with The Real Greek’s management team and are pleased to have completed a transaction that secures a future for a restaurant group enjoyed by diners over many years.

“Our immediate focus as administrators will be to provide a smooth transition for the business and to support employees affected by site closures.

“We are grateful to all stakeholders for their constructive engagement throughout this process.”

Newsquest has contacted The Real Greek for comment.