There has been a lot of concern about the future of Exeter’s main airline:
As Devon Live reports, its future now seems to be settled:
Flybe completes sale to Virgin-led consortium for £2.8m
Flights will be operated under the Virgin brand
Exeter-based regional airline Flybe has been bought by a consortium led by Virgin Atlantic.
Connect Airways, which consists of Virgin, Stobart Air and Cyrus Capital, paid £2.8m for the airline on Friday.
It now means that flights currently operated by Flybe will soon be taking off under the Virgin brand.
Cyrus Capital now own 40 per cent of the Exeter-based airline, with Virgin and Stobart aqquiring a 30 per cent stake each.
Flybe tweeted about the takeover on Friday night