The Flybe brand will start to disappear form airports after the European Commission (EC) approved the takeover of its business by Connect Airways Ltd, a group led by Virgin Atlantic and Stobart Group. Flybe turned from a profitable regional airline into an airline on the verge of collapse under the [read more]
In what could be yet another blow to the plan to sell Flybe to Connect Airways, a group led by Stobart Group and Virgin Atlantic, MESA Air Group has submitted an offer to the board. The consortium led by Bateleur Capital and Mesa Air Group is understood to have offered [read more]
Cash-strapped regional airline Flybe (BE/BEE) is facing a legal challenge to its sale to Connect Airways Ltd, A consortium led by Virgin Atlantic and Stobart Group. The challenge is being led by Hosking Partners who are also seeking to oust Flybe chairman Simon Laffin and replace him with Eric Kohn. [read more]
Struggling regional airline Flybe (BE/BEE) is to be rescued by a consortium involving Sir Richard Branson’s Virgin Atlantic and the Stobart Group. Flybe put itself up for sale two months as cash levels were putting the airline’s operations at serious risk and it realised that a take-over was the only [read more]
Carlisle Lake District Aiport (CAX/EGNC) has once again postponed the launch of commercial flights from the region. The Stobart Group airport had previously delayed flights, due to start in Spring 2018, until the end of the year but announced today that flights would not commence until Spring 2019. Loganair had been [read more]
Shares in regional airline Flybe plunged 25% on Thursday following the news that Stobart Group had abandoned its plans for a takeover. In a statement to the London Stock Exchange, Stobart Group said: “The board of Stobart Group has determined that it is not in its shareholders’ best interests to increase [read more]
Stobart Group has filed a statement with the London Stock Exchange (LSE) showing it has struggling low-fares airline Flybe on its radar for a takeover. The statement, which was filed yesterday (22nd February) says that Stobart Group has been “reviewing alternative structures for our airline and leasing business that can play [read more]
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