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Flybe puts itself up for sale

Flybe puts itself up for sale

Flybe (FLYB) has spent recent years trying to undo its past mistakes of overexpanding too quickly in a saturated European airline market. So far it’s made some progress, with a 9 per cent reduction in capacity during the first half of its financial year alone, giving way to an improvement in load factor from 76 per cent to 84 per cent. Still, that utilisation rate trails far behind that of larger rivals such as easyJet (EZJ) and Ryanair (RYA). Flybe has a backup option – to put itself up for sale.

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