Bitter rivals Sir Richard Branson and Willie Walsh are to lock horns in a bid battle for ailing regional carrier Flybe as experts warn failure of the country's biggest regional airline could be catastrophic for a string of smaller airports. After years of struggle, loss-making Flybe has put itself up for sale following warnings of "material uncertainty" over its future. - Telegraph.
US airline Mesa Air has proposed a last-minute deal to takeover struggling regional carrier Flybe. The Arizona-based company is part of a consortium of investors which has offered to inject £65m into the troubled FTSE 250 carrier and pull the rug from Virgin Atlantic's takeover bid. - Telegraph