Flybe to Be Bought by Virgin Atlantic and Stobart Air
Virgin Atlantic and Stobart Air came to the rescue of one of its partners, the UK airline Flybe, when it announced it was up for sale after months of struggling. With a 30% stake in the venture each, Virgin Atlantic and Stobart Air have purchased Flybe for £2.2 million, an offer significantly below the airlines closing market value […]
easyJet Shy Away from Flybe Purchase
Following Flybe unusually announcing it is up for sale last week, potential buyer, easyJet’s CEO Johan Lundgren, has claimed the low-cost airline has no particular “interest in this particular topic on Flybe” at this time. Flybe took the decision to talk to potential buyers after losing £19.2 million last year alone, prior to which a […]
easyJet and Stobart Interested in Purchasing Flybe
Struggling UK airline Flybe has unusually announced it is up for sale following extremely poor performance, losing £19.2 million last year alone. Multiple companies are interested in a purchase, including easyJet, who are looking to purchase part of the company, and Stobart which is looking for a full acquisition having already been in a partnership […]
