Virgin-led consortium acquires Flybe in $2.8 million takeover deal

Credit: Flybe
UK regional carrier Flybe will be rebranded as Virgin Atlantic under a £2.2 million ($2.81 million) takeover deal announced Jan. 11 by a consortium comprising Virgin Atlantic Ltd., Stobart Group and Cyrus Capital. Exeter-based Flybe said in November that it was seeking a buyer . The airline had run...

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