RE: .27 Nov 2018 07:52
Aer Lingus owner circles Flybe
Shares in UK regional airline Flybe soared over 33% after Aer Lingus-owner IAG reportedly joined the race to buy the business.
Flybe has been in talks with multiple parties to sell itself as it grapples with falling demand, higher fuel costs and sterling’s weakness. On Friday it said Virgin was a potential buyer.
Stobart Air, which operates the Aer Lingus Regional service, has also been mentioned as a potential suitor. The UK media has IAG as the frontrunner, however. Flybe has also said it would consider other options besides a sale, such as further reductions in capacity and costs.