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Flybe shareholder wants sale investigated

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Up in the Air: Flybe's chief executive, Christine Ourmieres-Widener

Up in the Air: Flybe's chief executive, Christine Ourmieres-Widener

Bloomberg

Up in the Air: Flybe's chief executive, Christine Ourmieres-Widener

Struggling UK airline Flybe has confirmed that one of its biggest shareholders, Hosking Partners, has requested that the carrier convene a general meeting to consider resolutions including the removal of chairman Simon Laffin.

Hosking Partners has expressed unhappiness at the planned sale of Flybe to a consortium that includes UK transport firm Stobart, whose aviation unit operates the Aer Lingus Regional service, and Virgin Atlantic. The sale will leave Flybe shareholders with virtually nothing. Hosking Partners wants the sales process investigated.

Flybe said it has "acted at all times in the interests of its shareholders and all its stakeholders".

Irish Independent