{"id":4702,"date":"2018-11-23T13:12:17","date_gmt":"2018-11-23T13:12:17","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/virgin-atlantic-in-talks-to-rescue-flybe\/"},"modified":"2018-11-23T13:12:17","modified_gmt":"2018-11-23T13:12:17","slug":"virgin-atlantic-in-talks-to-rescue-flybe","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/virgin-atlantic-in-talks-to-rescue-flybe\/","title":{"rendered":"Virgin Atlantic in talks to rescue Flybe"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Flybe plane\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/1224C\/production\/_104461347_bou4gbgk.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Flybe and Virgin Atlantic have confirmed they are in talks about a sale or closer alliance.<\/p>\n<p>The move comes after cash-strapped Flybe put itself up for sale earlier this month.<\/p>\n<p>The Exeter-based regional airline said that Virgin was &#8220;one of the parties&#8221; it has been in discussions with.<\/p>\n<p>Last month, <a href=\"https:\/\/www.bbc.co.uk\/news\/business-45887289\" class=\"story-body__link\">Flybe warned its full-year losses would be \u00a322m,<\/a> blaming falling consumer demand, a weaker pound and higher fuel costs.<\/p>\n<p>Confirming the talks, Flybe added that there was no certainty that an offer would be made by Virgin.<\/p>\n<p>In a short statement, Virgin Atlantic said it &#8220;has a trading and codeshare relationship with Flybe and confirms that it is reviewing its options in respect of Flybe which range from enhanced commercial arrangements to a possible offer for Flybe&#8221;.<\/p>\n<p>Since hitting a price of nearly 50p in March this year, Flybe&#8217;s shares have fallen by more than three-quarters. On Friday, they jumped by nearly half to 14.3p.<\/p>\n<p>Flybe, whose roots date back to 1979, has 78 planes operating from smaller airports such as London City, Southampton, Cardiff, Aberdeen and Norwich to destinations in the UK and Europe.<\/p>\n<p>It serves about eight million passengers a year, but has been struggling to recover from a costly IT overhaul and has been trying to reduce costs.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46317706\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images Flybe and Virgin Atlantic have confirmed they are in talks about a sale or closer alliance. The move comes after cash-strapped Flybe put itself up for sale earlier this month. The Exeter-based regional airline said that Virgin was &#8220;one of the parties&#8221; it has been in discussions with. Last month, Flybe &hellip; <\/p>\n","protected":false},"author":0,"featured_media":4703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=4702"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/4703"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=4702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=4702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=4702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}