“Exeter-based regional airline Flybe has been bought by a consortium led by Virgin Atlantic.
Connect Airways, which consists of Virgin, Stobart Air and Cyrus Capital, paid £2.8m for the airline on Friday.
It now means that flights currently operated by Flybe will soon be taking off under the Virgin brand.
Cyrus Capital now own 40 per cent of the Exeter-based airline, with Virgin and Stobart acquiring a 30 per cent stake each.
Flybe tweeted about the takeover on Friday night: “Today’s confirmation of the sale of Flybe to Connect Airways secures an exciting future for our customers & employees as we continue to provide vital regional connectivity in the UK & beyond. …”
https://www.devonlive.com/news/devon-news/flybe-completes-sale-virgin-led-2571675
East Devon Watch 