Connect Airways Limited reached agreement to acquire Flybe Limited and Flybe.com Limited from Flybe Group PLC (LSE:FLYB) for £2.8 million on January 11, 2019. The transaction Is subject only to a limited number of conditions. The deal is expected to close by February 22, 2019. Bryan Cave Leighton Paisner LLP acted as legal advisor to Flybe Limited and Flybe.com. Bob Moore, Mark Bardell, Ben Ward, Kim Dietzel, Veronica Roberts, Alison Brown, Kristen Roberts, Rex Rosales, Jahnavi Ramachandran, Siva Subramaniam, Michael Compton, Emma Stones, Claire Koller-Smith, Mehdi Tedjani, Victoria Newbold, Clemence Barraud, Ilze Vigo, John Chetwood, Caroline Joyce, Amanda Teoh, Michael Aherne and Alex Harrison Cripps of Herbert Smith Freehills LLP acted as legal advisor to Connect Airways. Connect Airways Limited completed the acquisition of Flybe Limited and Flybe.com Limited from Flybe Group PLC (LSE:FLYB) on February 21, 2019. Flybe's assets and operations are now owned by Connect Airways. As on July 8, 2019, the transaction is subject to approval from The European Commission. The European Commission approved the transaction.