Published on : Friday, December 21, 2018
In a stock market notice issued today, Virgin Atlantic says discussions with Flybe’s management team are continuing and that these include “potentially making an offer” for the Exeter-based airline.
The London-based carrier disclosed its interest in Flybe on 23 November, 2018.
Since Flybe disclosed it was putting itself up for sale in mid-November, Virgin Atlantic is the only party to confirm it is in talks with the regional carrier.
The United Kingdom media reports have though linked Stobart and IAG as potential suitors. Stobart had an offer rejected for Flybe earlier this year, while IAG – whose British Airways unit remains a small shareholder in Flybe dating back to its sale of British Airlines Connect – has been an active player in airline acquisitions, including the former BMI operation.
Virgin Atlantic says that in accordance with UK takeover and merger rules, it will place a copy of the announcement on its corporate website no later than noon on 20 December.
Virgin discloses that law firm Rothschild & Sons is acting for it in relation to the talks with Flybe.