Full article on economist.com
Despite plying European skies for nearly four decades, Flybe, a regional airline based in Exeter, Britain, has never suffered a major safety-related incident. Its pilots and technicians deserve much praise for this stellar safety record. Sadly, investors in the airline have not been looked after nearly as well. Those who bought shares in the firm when it listed on the London Stock Exchange in 2010 and still have them are nursing a massive 97% loss in value. Recent profit warnings have compelled Flybe’s board to put it up for sale–nine months after spurning a takeover attempt...
