Britain's Stobart considering bid for airline Flybe
British infrastructure and support services firm Stobart Group is considering bidding as part of a consortium to acquire struggling regional carrier Flybe. “A number of potential structures have been considered including taking a non-controlling interest in a vehicle to acquire 100% of Flybe likely to be in cash,” Stobart said. Reuters had reported earlier hursday that Stobart was in talks about a possible deal. Flybe said it had not received an approach from Stobart about a possible offer and added: “Flybe shareholders are strongly advised to take no action at this stage.” A spokesman for Stobart declined to identify possible partners in any bid for the airline. Stobart is eyeing Flybe after the carrier was left vulnerable by a slump in its share price.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-02-23/unaligned/britains-stobart-considering-bid-for-airline-flybe
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Britain's Stobart considering bid for airline Flybe
British infrastructure and support services firm Stobart Group is considering bidding as part of a consortium to acquire struggling regional carrier Flybe. “A number of potential structures have been considered including taking a non-controlling interest in a vehicle to acquire 100% of Flybe likely to be in cash,” Stobart said. Reuters had reported earlier hursday that Stobart was in talks about a possible deal. Flybe said it had not received an approach from Stobart about a possible offer and added: “Flybe shareholders are strongly advised to take no action at this stage.” A spokesman for Stobart declined to identify possible partners in any bid for the airline. Stobart is eyeing Flybe after the carrier was left vulnerable by a slump in its share price.<br/>