RE: Tinkler Buys 10% of Flybe14 Jan 2019 15:06
Andrew Tinker says his investment in Flybe has nothing to do with his ongoing dispute with Stobart Group and is purely an "investment decision".
Mr Tinkler, who was chief executive of the logistics firm until last year, announced this morning that he has acquired a 12.23 per cent stake in the firm.
Last week, Virgin Atlantic said it and Stobart Group were heading up a consortium to buy the struggling airline.
It was reported over the weekend that Mr Tinkler was looking to buy a 10 per cent stake in Flybe.
Mr Tinkler was removed from Stobart last year for an alleged breach of contract, which he denied.