Struggling British no-frills airline FlyBe on Wednesday put itself up for sale, adding it was in talks with potential buyers in the face of a challenging market.
"The board of Flybe Group Plc announces today that it is undertaking a comprehensive review of the various strategic options open to it to address the current challenges facing the airline industry and maximise value for shareholders," it said in a statement.
"These options include further capacity and cost saving measures, initiatives to strengthen the balance sheet and preserve cash resources, as well as a potential sale of the company through the commencement of a formal sale process."
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