Flybe in talks with Virgin Atlantic for possible sale

(Reuters) - Flybe Group Plc is in talks for a possible sale to Virgin Atlantic Airways Ltd, the British regional airline said on Friday, as it grapples with falling demand, higher fuel costs and a weak British pound. Flybe said earlier this month it was in talks with potential buyers, but added it was also looking at other options, such as further reductions in capacity and costs.Airlines have been looking to consolidate in many markets because of rising running costs, largely higher fuel..