Virgin Atlantic confirms talks with Flybe

Virgin Atlantic has revealed that it is in talks with Flybe that could include a "possible offer" for the carrier. Following "recent media speculation", Virgin Atlantic confirms it is "reviewing its options" in regard to Flybe, which range from "enhanced commercial arrangements to a possible offer". Virgin Atlantic, which is 49% owned by Delta Air Lines, adds that there can be "no certainty" that an offer will be made nor as to the terms of any offer. Flybe says Virgin is "one of the parties" it is in discussions with as part of the formal sale process it announced Nov 14. The carrier says that the Panel on Takeovers and Mergers, the body which regulates takeovers and mergers in the UK, has agreed that discussions with third parties may be conducted within the context of a formal sale process. <br/>