International Airlines Group-owned Vueling will pay £4.5 million for the slots in two tranches, the first being receivable in the next few days. Flybe in 2013 sold several slots at Gatwick to easyJet for £20 million as it sought to rationalise its operations.
Regional carrier Flybe has been saved from bankruptcy by a consortium of buyers including Virgin Atlantic and Stobart Group. Forming a new company, Connect Airways, the pair will join Cyrus Capital to acquire Flybe for a total of £2.2 million.
Flybe will expand its summer schedule from Doncaster Sheffield Airport next year with the addition of a weekly flight to Palma Mallorca. The route will start on May 29th.
Virgin Atlantic has confirmed to the London stock exchange that it continues to review its options in respect to regional carrier Flybe. Also today, Virgin Atlantic announced a new codeshare agreement with Aeroméxico, opening up a plethora of new Mexican destinations for its customers.
Virgin Atlantic has said it is “reviewing its options” with regard to regional carrier Flybe as takeover speculation mounts. Shares in Flybe rose 45 per cent on the news.
Flybe will start operating a new four times daily flights direct to London Heathrow from Newquay Cornwall Airport under a new Public Service Obligation agreement.
The board of Flybe Group has begun a “comprehensive review” of the company’s strategic options as it looks to overcome the current challenges facing the airline industry.
Cornwall Airport Newquay has confirmed that Stobart Air, a Flybe franchise partner, will add year-round services to London Southend starting in April next year.
Flybe has seen its share price crash by more than a third this morning after a trading update revealed its full year adjusted profit figure would be “lower than market expectations”.
The board of Flybe has appointed air chief marshal Glenn Torpy as external chair of its safety and security committee. He will be responsible for providing assurance to the board of best practice performance relating to the safe and secure operation of the Flybe Group businesses.
Flybe will be rolling out new livery across all its Bombardier Q400 and Embraer 175 aircraft over the next six years, the first of which elegantly winged its way into the fleet earlier.
Revealing its first-quarter results earlier, the low-cost carrier said it welcomed 2.5 million passengers in the three months to June 30th, up 100,000 from the same period last year.