Flybe sold to Virgin-led consortium

 

There has been a lot of concern about the future of Exeter’s main airline:

Council leaders fight to keep Flybe in Exeter

 

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.

Today’s confirmation of the sale of Flybe to Connect Airways secures an exciting future for our customers & employees as we continue to provide vital regional connectivity in the UK & beyond. Our confirmed schedule operates as normal & you can book now at http://flybe.com 

Flybe tweeted about the takeover on Friday night

Flybe completes sale to Virgin-led consortium for £2.8m

   
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