U.K. regional carrier Flybe will be rebranded as Virgin Connect next year. A consortium including Virgin Atlantic acquired Flybe in February.

Virgin Connect will link Virgin Atlantic's long-haul network of mostly transatlantic flights to Flybe's current European regional network. The synergy is likely to benefit Delta, which owns 49% of Virgin Atlantic and operates a transatlantic joint venture with the carrier.

Along with Virgin Atlantic, Cyrus Capital and Stobart Aviation own Flybe.

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