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 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 […]
