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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: 118 GBX

LSE:STOB
Market: LSE
Market Cap: £442.09 m
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Stobart Group PLC reports ' strong strategic and operational first-half...

Stobart Group (LON:STOB) CEO Warwick Brady and CFO Lewis Girdwood highlight what they believe to be the 'significant growth potential' within its aviation division and in particular at London Southend airport. Passenger numbers at the airport increased by 41.8% to 1.2 million in the six...

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