UK regional airline Flybe has told shareholders that unless they approve the sale of the company to Connect Airways – the consortium of Virgin Atlantic, Stobart Air and an investment firm – the company will be wound up. Shareholders stand to gain 1p a share under the deal on the table that sells the operating assets of the airline for £2.8m. Flybe said in an announcement that if the sale is not approved, “the Flybe Directors intend to take steps to wind-up the Company and Shareholders are likely to receive no value for their shares in Flybe. Accordingly, the Flybe

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