We would like to announce a great development in our flight program: Flybe are now part of Virgin Atlantic. This is a major milestone for one of our airline partners, that we are pleased to be part of.
Today’s news: Virgin Atlantic, Stobart Group and Cyrus confirm completion of acquisition of Flybe Limited and Flybe.com Limited.
I’m pleased to share the news that, further to today’s announcement by Flybe Group plc, Connect Airways Limited (‘Connect Airways’) – the company jointly-owned ultimately by Virgin Atlantic Limited, Stobart Group and funds managed by Cyrus Capital Partners – is pleased to announce that the acquisition of Flybe’s two operating subsidiaries, Flybe Limited (including Flybe Aviation Services Limited) and Flybe.com Limited (‘Flybe’), from Flybe Group plc has completed in accordance with the terms of the share purchase agreement between Flybe Group plc and Connect Airways.
The acquisition of Flybe, and associated £80 million of additional funding which Connect Airways will now make available, will preserve the interest of Flybe’s stakeholders, customers, employees, partners and pension members and provide the security the business needs to continue to trade successfully.
SVP Global Sales & Customer Loyalty
Virgin Atlantic Airways Ltd