Flybe Group explores sale or merger with rival amid Brexit, fuel costs: Sky News

Flybe Group is said to explore a sale or a merger with a rival, Sky News reported on Tuesday, weeks after it issued a profit warning because of fuel costs, weakening demand and a weaker British pound. Stobart Group Ltd, which has previously bid for Flybe, is likely to be one of the potential suitors, Sky News said here. It said the airline would make an announcement on Wednesday. Flybe declined to comment. Earlier this year, Stobart had abandoned its plans to buy the airline after the bid was rejected.<br/>