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Jan 11, 2019 · The Boards of Flybe and Connect Airways, a company bringing together Virgin Atlantic Limited, Stobart Group and Cyrus Capital, are pleased to announce that they have reached agreement on the terms of a recommended cash offer for Flybe. Following which Connect Airways will acquire the entire issued, and to be issued, share capital of Flybe.
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About Flybe. Flybe was established in 1979 as Jersey...
- Fly with our codeshare partner Flybe
Jan 11, 2019 · Cyrus will own 40% of the new company, while Virgin and Stobart will each take a 30% share. Under the deal, the three firms will also provide a £20m bridge loan to Flybe and £80m of further ...
Virgin Atlantic has a 30 per cent stake in the venture, and wants to feed into the Heathrow and Manchester hubs for its long-haul operations. It will also rebrand Flybe as Virgin Atlantic. It is a ...
- Simon Calder
- 1 min
Jan 11, 2019 · Reuters. Fri, 11 Jan 2019, 5:43 am. (Reuters) - Richard Branson's Virgin Atlantic has teamed up with Stobart Group <STOB.L> and Cyrus Capital to buy Flybe <FLYB.L> for £2.2 million, aiming to rebrand the struggling British regional carrier and use it to feed customers to its long-haul flights. The consortium will provide a 20 million pound ...
Oct 19, 2020 · Cyrus was a shareholder of Flybe, along with Sir Richard Branson's Virgin Atlantic, before its collapse. Thyme Opco is 51%-owned by Mr Farrell, giving him overall control of the carrier, according ...
Jan 11, 2019 · Virgin Atlantic is coming to the rescue of a large regional airline in the UK with plans to build out its regional fleet and route network. Virgin has partnered with Stobart Group and Cyrus to purchase Flybe for £2.2 million in a cut price deal. The three companies will form a joint venture, Connect Airways, to manage the new airline.
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About Flybe. Flybe was established in 1979 as Jersey European Airways and became known as Flybe in 2002. Based in Exeter, the airline has established its position as Europe’s leading regional airline through its wide-reaching network covering over 200 routes across Europe. Virgin Atlantic is a shareholder in Flybe and, as such, Virgin ...
