[RJon]

https://www.ft.com/content/3a0b344a-...c-42459962a812

Troubled UK regional airline Flybe has completed the sale of its operations to a consortium including Virgin Atlantic.

The deadline for the divestment was Friday and the transaction had been awaiting European Commission approval.

Connect Airways — which consists of Virgin, Stobart Air and Cyrus Capital — paid £2.8m for Flybe’s aviation and digital operations. Flybe is now left as a shell with no subsidiaries and no material assets except the cash, which will be used for rundown costs.