UK's Stobart invests £9 million in rescue of airline Flybe
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(Reuters) - Britain's Stobart Group will provide 9 million pounds ($11.8 million) in funding for Flybe as part of this week's government-backed rescue of the regional airline, the infrastructure group said on Thursday. Stobart said it had already invested 45 million pounds in Connect Airways, a consortium comprising the London-listed company, Cyrus Capital and Richard Branson's Virgin Atlantic, which acquired the assets of Flybe last year. Stobart holds less than a one-third shareholding in..