Virgin Atlantic buys UK airline Flybe for cut-price £2.2 million

(Reuters) - Richard Branson's Virgin Atlantic has teamed up with Stobart Group and Cyrus Capital to buy Flybe for £2.2 million, aiming to rebrand the struggling British regional carrier and use it to feed customers to its long-haul flights.The consortium will provide a 20 million pound bridging loan facility to support Flybe's working capital requirements and up to 80 million pounds of funding would be made available once the deal was completed.Flybe, which operates routes from about 25..