The Virgin Atlantic-led consortium announced its plans to buy the embattled regional carrier earlier this month.
Now, in a trading update issued on Thursday (January 24), Flybe has confirmed Connect – which also comprises Stobart Group and private equity firm Cyrus Capital – wants to wrap up the deal by February 22.
The consortium’s offer of January 11 stands at 1p per share for Flybe’s entire operating business, Flybe Limited and Flybe.com Limited.
