Airlines
Flybe Puts Itself Up for Sale
UK-based regional airline Flybe continues to suffer from softening market growth, high fuel costs, and a weak pound.

Flybe has entered talks with “a number of strategic operators” about the potential sale of the airline as the Exeter, UK-based carrier continues to struggle with a weak balance sheet and dwindling cash resources. In a statement issued Wednesday, Flybe said it has launched a “review of its strategic options,” including further capacity and cost-saving measures, unspecified initiatives to strengthen its balance sheet and preserve cash, and the potential sale of the company.