Re: Virgin og Stobart kjøper FlyBe
https://www.ft.com/content/3a0b344a-3616-11e9-bb0c-42459962a812
https://www.ft.com/content/3a0b344a-3616-11e9-bb0c-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.