Nov 14, 2018
easyJet and Stobart consider buying Flybe
Low-cost carrier easyJet and infrastructure company Stobart Group are looking at buying struggling UK-based regional airline Flybe. Flybe has valuable take-off and landing slots at airports including London City and Gatwick, although its planes may be less desirable to other airlines because they are smaller. In March, Stobart, which operates an airline with Flybe, ditched plans to make a formal offer for Flybe after its bid was rejected. Last year, the company lost £19.2m. One bank analyst said the sale "Doesn't come as a surprise" because Flybe used "Small aircraft on thin routes" and could not compete when larger airlines with larger planes arrived. Stobart has operated a franchise agreement with Flybe at Southend airport and spent £18m in developing and promoting it, only to announce in October it was closing it after less than two years.
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