On Air Mannin Line Andy Wint | Noon - 1:00pm

Flybe up for sale

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Flybe ry chreck

Jerkit dy jean colught coayl £12 millioon mleeaney 

Ta Flybe cur ry chreck eh hene - shiaghteeyn lurg raaue gyere er vondeish.

Y vee shoh chaie, dooyrt y lhuingys aer ta soit ayns Exeter - ta getlagh coorseyn veih'n Ellan ta goaill stiagh Leyrphoyl, Mancuin as Birmingham - dy row eh jerkal rish coayl daa-yeig millioon punt mleeaney.

Ta'n colught er ve strepey er-coontey neu-hickyrys cochianglt rish Brexit, y punt s'annooney as costyssyn conney ta goll seose dy geyre.

Ta boayrd y lhuingys aer er veeraghey dy row eh "ayns coloayrtys rish kuse dy obbreyderyn strateyshagh mychione creck cummyssagh y cholught" as dy row eh aa-scrutaghey neesht reihyn elley, goaill stiagh scryssey agh etlaghyn.

Ta'n possan Stobart er ve imraait ayns kuse dy coontaghyn myr kionneyder cummyssagh.

Ta ronnaghyn y lhuingys aer er duittym liorish bunnys 75% neayr's Mean Fouyir.

T'eh er ny phriceil nish ec mysh £25m, foddey fo ny £215m ec v'eh er ny phriceil tra v'eh currit er y voorse 'sy vlein 2010.

Company expected to lose £12 million this year 

Flybe is putting itself up for sale - weeks after a savage profit warning.

The Exeter-based airline - which flies routes from the Island including Liverpool, Manchester and Birmingham - said last month that it expected to lose twelve million pounds this year.

The company has been struggling because of Brexit-related uncertainty‎, the weaker pound and soaring fuel costs.

The airline's board has confirmed it was "in discussions with a number of strategic operators about a potential sale of the company" and was also reviewing other options including cutting flights.

The Stobart group has been mentioned in some reports as a possible buyer.

The airline's shares have fallen by almost 75% since September.

It's now valued at around £25m, far below the £215m it was valued at when it floated on the stock exchange in 2010.
 

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