Flybe and Virgin Atlantic have confirmed that they are engaged in talks about a potential take-over after the Flybe put itself up for sale earlier this month.
A statement from Virgin Atlantic said the airline “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”.
Flybe said it is talking to more than one potential buyer.
The airline has more than 70 aircraft which primarily operate from regional airports to destinations in the UK and Europe.
