- Shares in Flybe soared Friday in the wake of reports that Virgin Atlantic was in talks to acquire the struggling regional carrier.

Flybe confirmed in a statement that Virgin Atlantic was 'one of the parties' it was talking to as part of a formal sale process announced on 14 November.

'There can be no certainty that an offer will be made, nor as to the terms on which any offer will be made,' it added.

Flybe is exploring a possible sale after this month reporting a more than halving of pre-tax profits in the first half of the year amid higher fuel costs.

At 1:58pm: [LON:FLYB] FlyBe share price was +7.32p at 16.98p

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