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[ News ]February 23, 2019 10:36 am ET
Flybe Agrees to Sale of Airline to Connect Airways
The Flybe Group has announced an agreement for the sale of the airline to a consortium of airlines. The announcement was made at the beginning of the week with the new owner, Connect Airways, purchasing the airline for £2.8 million ($3.2 million). Connect Airways is made up of Virgin Atlantic Airways, Stobart Air, and Cyprus Capital, and was formed in December to purchase the fledgling Flybe. The airline had been looking for a new owner since November after the airline…