Top Stories

PM Johnson says UK working to save Branson-owned airline Flybe

0


This picture shows a Dash 8 Q400 of Flybe airline during take-off on September 24, 2019 at the airport in Duesseldorf, western Germany.

INA FASSBENDER

U.K. Prime Minister Boris Johnson has offered a heavy hint that his new Conservative administration will begrudgingly step in to help prevent the collapse of Europe’s biggest regional airline, Flybe.

Last year, Richard Branson’s Virgin Atlantic, Stobart Air and Cyrus Capital jointly bought the airline for just $2.8 million. They promised to invest £100 million ($130 million) in the struggling firm which was set to be rebranded as Virgin Connect.

Reports have been circulating since Sunday that the airline is on the brink of collapse.

Speaking…



Source cnbc.com

Fed could cut rates 3 times as tariffs drag down US growth: UBS

Previous article

Kohl’s CEO Michelle Gass: ‘Amazon is working’

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Top Stories