Flybe puts itself up for sale

U.K. regional airline and the largest regional flyer in Europe, Flybe, has put itself up for sale.

The airline lost £22m in the last half year and needs an investor or partner airline.

The airline is probably worth no more than around £100m if that, and its struggling to stay ahead of the game every year.

The question is who would buy it, how do they stop it loosing money and can it get approval from the authorities if it’s another airline?

Stobart Group has been interested in the past but then lost interest.