14-Jan-2019 12:45 PM
Virgin Atlantic, Stobart Group and Cyrus confirm offer for Flybe – delivering enhanced connectivity
Direct News Source
07.00 GMT London: The Boards of Flybe and Connect Airways, a company bringing together Virgin Atlantic Limited, Stobart Group and Cyrus Capital, are pleased to announce that they have reached agreement on the terms of a recommended cash offer for Flybe. Following which Connect Airways will acquire the entire issued, and to be issued, share capital of Flybe. Stobart Group will contribute Stobart Air and Propius, Stobart's aircraft leasing business into Connect Airways.
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This press release was sourced from Virgin Atlantic Airways on 11-Jan-2019.