The Virgin-led consortium seeking to acquire Flybe has increased its offer by £600,000 ($771,000) and agreed to immediately provide £10 million to improve the UK regional carrier’s liquidity, after it was revealed the conditions for the original bridge loan facility could not be met. Connect Airways—the new company formed by Virgin Atlantic, Stobart Group and Cyrus Capital to acquire Flybe—upped its offer for the carrier to £2.8 million, Flybe said ...

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