The proposed acquisition of UK air carrier Flybe by Connect Airways has been approved by the European Commission. Connect Airways, a consortium by Virgin Atlantic, Stobart Aviation and Cyrus will jointly control Flybe, Propius and Stobart Air following the merger. In March, Flybe shareholders approved the recommended cash offer for Flybe by Connect Airways. The share capital of Connect Airways is owned 30% by Stobart Aviation Limited, a wholly owned subsidiary of Stobart Group Limited. A further 30% is owned by Virgin Travel Group, the holding company of Virgin Atlantic Airways, and 40% by DLP Holdings S.à.r.l., a Luxembourg company

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