Originally Posted by
B Fraser
There's something very fishy going on here. It seems that Flybe have just sold the family silver, 5 minutes before the market closed and at twice the market capitalisation. Have Branson and Stobart just been screwed over ?
RNS Number : 9260M
Flybe Group PLC
11 January 2019
Flybe Group PLC ("Flybe" or the "Group")
Slot Transaction at Gatwick Airport
Flybe Group plc announces that today Flybe Limited, a wholly-owned subsidiary, signed an agreement with Vueling Airlines S.A. (the "Agreement") to receive a total of £4,500,000 (four-and-a-half-million pounds) in respect of slots at London Gatwick Airport. The funds will be paid in two tranches, being receivable in the next few days in respect of slots to be used during the Summer Season in 2019 and for subsequent Summer Seasons. The remainder is due in June 2019 in respect of slots to be used during the Winter Season in 2019/20 and subsequent Winter Seasons.
If you are alleging what I think you are, the FCA insider trading investigation team are particularly hot on monitoring trades. You can be certain every angle is being monitored right now.