International Airlines Group (IAG) has reduced its minority stake in Flybe to less than 3%. IAG previously owned a 14.6% stake in the carrier after selling BA Connect to Flybe in 2007. After Flybe’s share issuance earlier this year, IAG reduced the stake to 5%. IAG said: “This decision is no reflection of our view of Flybe, which is making good progress with its turnaround plan. This is the right time to sell.”
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.