PARIS—Virgin Atlantic executive Mark Anderson will lead the revamp of Flybe after being appointed CEO of Connect Airways, the consortium that has taken over the British regional airline. Connect Airways—a consortium made up of Virgin Atlantic, UK-based airline operator Stobart Group and funds managed by U.S.-based Cyrus Capital Partners—bought Flybe in February after the carrier ran into difficulties because of high fuel costs, currency fluctuations and Brexit uncertainty. ...

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