Flybe becomes "Virgin Connect" - the name change was announced Tuesday by Connect Airways CEO Mark Anderson. Connect Airways took the controls at near-defunct Flybe this summer upon regulatory approval.
The group is led by Cyrus Capital with a 40 percent shareholding, while Stobard Aviation and Virgin Atlantic hold a 30 percent interest each.
Flybe maintains a fleet of 76 regional aircraft and will feed traffic to Virgin Atlantic`s longhaul operation. Delta- and Air France-KLM-backed Virgin is eager to challenge British Airways upon the expansion of London-Heathrow and to take market share in Manchester up for grabs after the Thomas Cook bankruptcy.
© aero.uk | 16/10/2019 15:13