Stobart in consortium set to take over struggling budget carrier Flybe

Stobart was part of bid for Flybe
Cumbria-based Stobart Group is part of a consortium taking over struggling budget airline Flybe in a cut-price deal. It announced details today of a joint venture, involving Virgin Atlantic, and Cyrus Capital Partners, which has made a recommended cash offer for the Exeter-based operator which put itself up for sale in November, blaming currency volatility, rising fuel costs and Brexit-related uncertainty. The joint venture, Connect Airways, is acquiring all the Flybe stock, and its to-be-issued stock, in a deal valued at just ... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...