Virgin Atlantic Steps In to Save Flybe
Skift Take
It's good news for regional passengers who rely on Flybe's services, but Virgin Atlantic will have plenty of work to do to make sure it can make the most of a combined long-haul, short-haul operation.
Virgin Atlantic and a consortium of other buyers are looking to takeover struggling UK regional airline Flybe in a $2.8 million (£2.2 million) deal.
The joint venture company includes Virgin as well as infrastructure company Stobart Group and investment firm Cyrus Capital. The Flybe board has recommended to shareholders that the they should accept the offer.
The move would represent a return to short-haul aviation for Virgin Atlantic just over four years after the closure of its Little Red operation. The new owners will rebrand Flybe as Virgin Atlantic but Stobart Air, which will also become part
