Virgin Atlantic to continue talks with Flybe over potential takeover

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Virgin Atlantic continues to review its options in respect of Flybe, including potentially making an offer for Flybe.

Discussions with Flybe and its management are continuing,” the airline wrote in a statement. “Virgin Atlantic emphasises there can be no certainty that any offer will be made nor as to the terms upon which any offer may be made.

About one month ago, Flybe considered a potential sale, but added it was also looking at other strategic options, such as further capacity and cost-saving measures, initiatives to strengthen the balance sheet and preserve cash resources.

Flybe, in financial troubles, is exploring a sale or a merger with a rival airline

 

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