You now have access to the new London South East Beta Website, Click Here

Email Facebook Twitter

Tower Resources keep all options open including Njonji farm-in deal
Tech company Mporium delivers an outstanding set of Q1 results says CEO De Groot

Alliance News

PRESS: IAG In "Pole Position" To Buy On-The-Block Flybe - Telegraph

Mon, 26th Nov 2018 11:23

LONDON (Alliance News) - The Sunday Telegraph said a takeover battle could be looming for financially challenged regional airline Flybe Group PLC, with the owner of British Airways now prominently in the picture.

The Telegraph, citing "multiple industry sources", said that International Consolidated Airlines Group SA is in pole position to buy Flybe, with its regional network said to be a useful link to London's Heathrow airport, which is dominated by BA.

This comes after Virgin Atlantic confirmed on Friday it is reviewing its options in respect of Flybe. These range from enhanced commercial arrangements to a possible takeover offer. Flybe and Virgin both noted that there can be no certainty that an offer will be made, nor as to the terms on which any offer will be made.

The London-listed regional airline put itself up for sale earlier in November, as its interim results revealed rising fuel costs. This followed a profit warning in October.

Flybe shares were up 20% on Monday at 19.93 pence, having shot up 71% on Friday alone. However, the stock remains 36% lower in the year-to-date.

IAG shares were up 1.7% at 659.00p on Monday. Fybe was up 21% at 20.00p.

By Lucy Heming;

Copyright 2018 Alliance News Limited. All Rights Reserved.

Alliance News

Back to Alliance News

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.