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…