Flybe disposes of loss-making Scandinavian business

Flybe disposes of loss-making Scandinavian business

Flybe today confirmed the completion of the disposal of its loss-making Scandinavian arm.

The UK regional carrier’s 60% stake in Flybe Nordic has been offloaded to joint venture partner Finnair for just €1.

The deal was first announced in November following losses at Flybe Finland of almost £12 million in the half year to September 2014.

It was described today as a “significant step” forward in Flybe's turnaround programme.

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