UK regional operator Flybe is seeking to reassure the market about the future of its proposed takeover by a Virgin-led consortium, amid reports that one of its biggest shareholders has threatened to take legal action to stop the transaction from going ahead. In a Jan. 24 notice to the London Stock Exchange, Flybe said it had received half of the proceeds from a £20 million ($26.1 million) bridge loan facility which the Connect Airways consortium agreed to provide in order to shore up ...

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