StockMarketWire.com - Shares of UK regional airline Flybe soared Friday in the wake of reports Virgin Atlantic was in talks about a takeover bid.

Virgin Group's interest in Flybe comes as the transatlantic airline seeks to connect long-haul operations with smaller UK airports.

Flybe said earlier this month that it was exploring a possible sale after reporting that pre-tax profits more than halved in the first half of the year owing to headwinds from higher fuel and currency costs. Story provided by StockMarketWire.com