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| Version 2 | Version 3 |
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| Flybe in Gatwick runway slots sale talks | Flybe in Gatwick runway slots sale talks |
| (about 2 hours later) | |
| Airline Flybe is in talks about selling its runway slots at London's Gatwick Airport. | Airline Flybe is in talks about selling its runway slots at London's Gatwick Airport. |
| The Exeter-based company currently has 25 take-off and landing slots at Gatwick. | The Exeter-based company currently has 25 take-off and landing slots at Gatwick. |
| Easyjet is one of the companies Flybe is believed to be in discussions with. Flybe said it was in talks with a "number of parties". | Easyjet is one of the companies Flybe is believed to be in discussions with. Flybe said it was in talks with a "number of parties". |
| The potential sell-off news has resulted in Flybe shares rising by more than 20%. | The potential sell-off news has resulted in Flybe shares rising by more than 20%. |
| Cash injection | Cash injection |
| Flybe was floated on the stock market at the end of 2010. Since then it has faced soaring fuel costs, falling passenger numbers and higher airport duty. | Flybe was floated on the stock market at the end of 2010. Since then it has faced soaring fuel costs, falling passenger numbers and higher airport duty. |
| It is currently axing about 10% of its 3,000-strong UK workforce to cut costs by at least £35m. | |
| It is also reviewing its network of 13 UK bases of Aberdeen, Belfast City, Birmingham, Edinburgh, Exeter, Guernsey, Glasgow, Inverness, Isle of Man, Jersey, Manchester, Newcastle and Southampton. | It is also reviewing its network of 13 UK bases of Aberdeen, Belfast City, Birmingham, Edinburgh, Exeter, Guernsey, Glasgow, Inverness, Isle of Man, Jersey, Manchester, Newcastle and Southampton. |
| Last week, the airline and the British Airline Pilots' Association confirmed pilots had agreed to a 5% pay cut to avoid compulsory redundancies. | |
| A slots sell-off could provide it with a cash injection of up to £20m. | A slots sell-off could provide it with a cash injection of up to £20m. |
| Selling all the slots would see Flybe quit its main London hub, although it also flies a small number of services from Luton Airport. | Selling all the slots would see Flybe quit its main London hub, although it also flies a small number of services from Luton Airport. |
| Flybe said: "Discussions are ongoing and there can be no certainty as to whether any transaction will be forthcoming." | Flybe said: "Discussions are ongoing and there can be no certainty as to whether any transaction will be forthcoming." |
| Easyjet declined to comment. | Easyjet declined to comment. |
| Flybe is expected to post another year of losses for the year to the end of March. | Flybe is expected to post another year of losses for the year to the end of March. |
| Its direct destinations from Gatwick include: Belfast, Guernsey, Jersey, Newcastle, Newquay and France. | Its direct destinations from Gatwick include: Belfast, Guernsey, Jersey, Newcastle, Newquay and France. |