Flybe’s shares nose dives by 47 per cent


The struggling airline, Flybe saw their shares sink 47 per cent Thursday morning, the airline is to press ahead with a takeover offer leaving investors with just 1p a share.

Flybe said to shareholders Thursday, “Flybe continues to receive payments from its card acquirers in accordance with the arrangements agreed at the time of the SPA being entered into.

“The arrangements with the company’s credit card acquirers and banks are important to enable Flybe to continue to trade and are conditional themselves upon the SPA completing.”