Consortium lands troubled airline for £2.8m

Flybe
Struggling regional airline Flybe has completed the sale of its assets to a consortium of buyers which includes logistics firm Stobart Group. Flybe confirmed it has sold its assets and operations for £2.8m to Connect Airways. The consortium includes Virgin Atlantic, Cumbria based Stobart Group and hedge fund Cyrus Capital. The news comes just a week after it was announced Stobart Group had won its legal battle with former chief executive Andrew Tinkler. Mr Tinkler had attempted to oust Stobart Group chairman Iain Ferguson... For the full story register now for free or login below...
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