Stobart Group, the aviation and energy group, has reached agreement with EY, the administrators of Connect Airways Limited ("Connect"), to acquire Stobart Air and Propius (the "Transaction"), the terms of which are set out below. Background to the Transaction Propius is an aircraft leasing bu...

Connect Airways CEO, Mark Anderson, was joined today by over 200 Flybe leaders for the long-awaited unveiling of the airline’s new name as it enters a new era as an independent company under the Virgin brand with the name, Virgin Connect. This marks the beginning of Flybe’s journey into the ...

Connect Airways has appointed Chris Hope as Flybe’s new chief operations officer with effect from 4 November 2019. Reporting directly to Connect Airways’ CEO Mark Anderson, he will take responsibility for Flybe’s ground and air operations and customer service. With over 30 years of avia...

The European Commission on Friday (5 July) approved the merger of UK regional airline Flybe by Connect Airways - a consortium made up of Virgin Atlantic, Stobart Aviation and Cyrus. It was made under the EU Merger Regulation and the decision is conditional on full compliance with commitments off...

The board of Connect Airways - the company jointly owned by Virgin Atlantic, Stobart Group and funds managed by Cyrus Capital Partners has appointed Mark Anderson as chief executive officer (CEO) of Connect Airways. Connect Airways will acquire management control over Flybe once merger clearance...

Flybe Limited chief executive officer (CEO) Christine Ourmières-Widener has decided to step down from her role on 15 July 2019 following the successful sale of the business to the Virgin Atlantic led consortium Connect Airways. Flybe said it expects to be in a position to announce Christine’s...

Connect Airways - consortium led by Virgin Atlantic and Stobart Air has completed the takeover of cash-strapped regional carrier Flybe. All Flybe assets and operations are now owned by Connect Airways and Flybe flights continue to operate as normal, according to a statement from the company...

Cash-strapped Flybe has rejected an alternative rescue plan tabled by Bateleur Capital LLC and Mesa Air Group Inc and says its preferred bid from Virgin Atlantic, Stobart Air and a US hedge fund is the "only viable option" and "preserves the interests" of stakeholders, customers, employees, partners...

Flybe has received the first £10 million in funding as part of its takeover by the Connect Airways - a  consortium led by Virgin Atlantic and Stobart Group and also includes Cyrus Capital Partners. The cash is needed to maintain the operations of Flybe until the takeover can be completed. Flyb...

Flybe Group said today that it had agreed to sell its main trading company Flybe Limited and the digital company Flybe.com to the Connect Airways consortium made up of Stobart Aviation, Virgin Atlantic and Cyrus Capital for £2.8 million. The UK regional carrier issued a statement this morning, ...