Stobart in consortium set to take over struggling budget carrier Flybe

Cumbria-based Stobart Group is part of a consortium taking over struggling budget airline Flybe in a cut-price deal. Flybe is the largest airline in terms of passenger volumes at Birmingham Airport. Stobart has 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 Air... For the full story register now for free or login below...