Virgin and Stobart agree to buy Flybe

Fri, 11 Jan 2019

Flybe is to be sold to a consortium led by Virgin Atlantic and Stobart Group.

The £2.2millon pound deal will create a new airline called Connect Airways.

Flybe put itself up for sale two months ago, blaming a toxic cocktail of currency volatility, rising fuel costs and Brexit uncertainty.

Stobart Air has operated Flybe routes to and from the Isle of Man for a number of years but that deal is due to end in March.