Regional Airline Flybe Rescued as Part of Virgin Atlantic Deal

U.K. airline Flybe is to be involved in a consortium led by Virgin Atlantic that will effectively rescue the regional airline. The news comes after months of uncertainty of the carrier, which carried 9.5 million passengers in 2017/2018 with an average load factor of 75.6 percent. The Downfall Although a negative outlook for the airline began years ago, the troubles finally took their toll during the financial year 2017/2018. The airline reported a loss of £9.4 million, up from the…