The commission concluded the transaction would raise no competition concerns in the European Economic Area.
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.
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.
A number of pilots at Virgin Atlantic will take strike action over the Christmas period. Pilots represented by the Professional Pilots Union will strike from December 22nd until Christmas Day, on December 25th.
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.
Planes will be retrofitted throughout with the airline’s premium cabin, along with a new look and feel for Upper Class and refreshed look for economy.
The UK airline has confirmed that Juha Jarvinen will take up the position of executive vice president, commercial, from January, and Ash Jokhoo will join as new senior vice president, technology, from February.
British chancellor Philip Hammond has confirmed air passenger duty will rise in line with inflation for long-haul flights during the annual budget - a decision greeted with a mixture of disbelief and anger among aviation stakeholders.
easyJet has signed up Virgin Atlantic as a new airline partner to its unique connections service Worldwide by easyJet. This means that from today easyJet customers can seamlessly connect through London Gatwick Airport between easyJet and Virgin Atlantic flights.