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... You can carry on reading TheBusinessDesk.com 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...