Flybe to invest in new routes
Flybe will expand its UK routes and bases within one to two years if it gets the go-ahead to raise £150 million.
The money will come from a new share issue of over 140 million shares at an offer price of 110p per share.
Flybe will shortly publish a prospectus and will hold a general meeting to approve the move.
If approved, the share issue will commence on March 12.
Flybe said the share issue will also be used to improve customer service, product range, brand impact and expand its white-label flying operations.
Flybe chief executive Saad Hammad described the plans as "exciting".
He said: "We have made significant progress over the past year in stabilising, restructuring and reconfiguring the group."
Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
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