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 […]

Avolon Orders 100 Airbus A320neos

100 A320neos have been ordered by Avolon from Airbus in a deal valued at US$11.5 billion at current list prices. The international aircraft leasing company has signed an order for 75 A320neos and 25 A321neos. The planes are scheduled for delivery from 2023 onwards. “Our order for 100 A320neo family aircraft builds on our leading industry […]

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 […]