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Stobart Group joint venture gets go-ahead for its £2.8mln takeover of Flybe

Stobart Group Ltd's (LON:STOB) Warwick Brady tells Proactive London's Andrew Scott Connect Airways, the joint venture between Stobart, Virgin Atlantic and New York hedge fund Cyrus Capital, has received clearance from European regulators for its £2.8mln takeover of Flybe.

Flybe sold its assets and operations to Connect Airways in February.

Quick facts: Stobart Group Ltd

Price: 19.68 GBX

LSE:STOB
Market: LSE
Market Cap: £122.99 m
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Stobart Group sees 'significant medium-term growth opportunities' for London...

Stobart Group Ltd's (LON:STOB) Warwick Brady and Lewis Girdwood discuss with Proactive the outlook for its aviation and biomass energy businesses. They say trading is in line with expectations following the reopening of the London Southend Airport to passengers after the coronavirus pandemic...

on 31/7/20

2 min read