LONDON—UK regional carrier Flybe will be rebranded as Virgin Connect, reflecting its new ownership. The 40-year-old Exeter-based carrier was bought earlier in 2019 by Connect Airways, an acquisition vehicle made up of Cyrus Capital (40%), fellow UK regional airline Stobart Group (30%) and long-haul specialist Virgin Atlantic (30%). Flybe, Europe’s largest regional airline, has a fleet of 70-plus aircraft largely based around 54 De Havilland Dash 8-400s plus five ATR 72 ...

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