Deals
Virgin Atlantic Plans to Use Flybe as Focus for More U.K. Deals
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Virgin Atlantic Airways Ltd. plans to use the purchase of U.K. regional carrier Flybe Group Plc for further takeovers of British operators so it can feed more passengers onto its long-haul flights.
The carrier, founded by billionaire Richard Branson, would like to use Flybe to roll up more airlines into an expanded short-haul business as part of a plan to double the number of intercontinental services from its London Heathrow hub, Chief Executive Officer Shai Weiss said in a Bloomberg TV interview on Monday.