Herbert Smith Freehills is advising Virgin Atlantic on the acquisition of Flybe and Flybe.com (the operating subsidiaries of Flybe Group) by Connect Airways, a joint venture company owned by Virgin Atlantic, the Stobart Group and Cyrus Capital, and associated £100 million financing for Flybe.
- Corporate M&A partners Robert Moore and Mark Bardell, senior associates Michael Compton and Emma Stones, and associates Claire Koller-Smith and Mehdi Tedjani, who advised on the corporate and UK Takeover Code aspects of the Flybe acquisition;
- Competition, Regulation and Trade partners Kim Dietzel and Veronica Roberts, senior associates Victoria Newbold and Holly Boyd-Boland, and associates Clemence Barraud, Philip Aitken, Jade Van Parijs, and Alex White who advised on the complex aviation industry regulatory considerations and relevant regulatory approval requirements including merger clearances involved in the transaction, and potential impacts of Brexit;
- Pensions partner Alison Brown and senior associates Michael Aherne and Alex Harrison-Cripps who advised on the negotiations with the Flybe defined benefit pension scheme trustees and Incentives partner Paul Ellerman and associate Niall Crean who advised on the impact of the transaction on Flybe's share-based incentives schemes;
- Head of Intellectual Property - UK partner Joel Smith and associate Jessica Welborn on the branding arrangements going forward for the Flybe business to be rebranded under the Virgin Atlantic brand;
- Finance partner Kristen Roberts, of counsel Ilze Vigo, senior associate John Chetwood, and associate Oliver Henderson who advised on the £100 million financing facilities to be put in place for Flybe and other financing aspects of the transaction;
- Aviation Finance partners Rex Rosales, Jahnavi Ramachandran and Siva Subramaniam, senior associates Caroline Joyce and Amanda Teoh, and associates Tim Hunter-Jones and Demilade Banjoko who advised on Flybe's fleet financing arrangements and related security package for the new Flybe financing facilities; and
- Tax partner Howard Murray and senior associate Michael Alliston, who advised on tax aspects of the transaction.