Flybe will go on-sale following rising costs of fuel, increased competition, and the volatility in currencies sparked by the imminent BREXIT.
A report by Sky News states that Europe’s largest independent regional carrier will be putting itself for sale via the London Stock Exchange, hoping to attract a potential bidder that will take over or merge it with a competitor.
The airline is valued at around GBP £25 million, about 90% less than what its stock value listed in 2010.
Directors at Flybe reportedly concluded that a takeover is the best option in order to return back to profit.
