RE: BA buys slots for £50m24 Nov 2018 17:00
*THE SHARE PRICE INCREASED ON STOBARTS LAUNCH OF TAKEOVER IN MARCH 18 BY 36% to 47p VALUING FLYBE AT £102million.
The owners of London Southend Airport looked set last night to launch a takeover bid for struggling airline Flybe.
Stobart Group, formed out of the Eddie Stobart haulage firm, is in discussions to buy Flybe. The announcement saw shares in the airline soar by 36 per cent.
At the closing share price of 47p yesterday, Flybe was valued at around £102million.