It's been sold to a consortium led by Sir Richard Branson's Virgin Atlantic.
The takeover came after the management turned down a rival rescue proposal.
It was offering more money but the company insisted it wasn't viable.
Exeter based airline Flybe takeover complete
More from Local News
-
Multi-million pound construction skills drive hits Devon
£9m for providers and colleges
-
Burglar jailed for daylight break-ins
Cash and jewellery stolen
-
Boardmasters launch main stage competition
Could you be playing?
-
Plymouth labour MP refuses to resign
Pollard puts national security first
-
Devon women cycles 250 miles for Shelterbox
Serial fundraiser pedals on
-
Reform leader stays quiet over suspension of new councillor
Ricketts awaits investigation
