Flybe Group PLC Change to Franchise Agreement (7238P)
21 November 2016 - 11:30PM
UK Regulatory
TIDMFLYB
RNS Number : 7238P
Flybe Group PLC
21 November 2016
Flybe PLC
Flybe announces that, following a failure to agree future
operational standards and commercial arrangements, its franchise
agreement with Loganair to fly under the Flybe brand has been
terminated with effect from August 2017. The resulting change in
operations to part of Flybe's route network in Scotland is not
expected to have a material impact on profits of the Group.
Simon Laffin, Executive Chairman, said;
"Scotland is very important to Flybe, and we want to ensure that
we serve our customers there to the highest standards, whilst
delivering a return to our shareholders. We shall announce our
plans on continuing to serve Scotland in due course. In the
meantime our customers can travel and book tickets exactly as
before, while any new arrangements will be put in place from
September 2017 onwards."
ENDS
This information is provided by RNS
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