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
-
Re-elected PCC to prioritise ‘limbo’ chief constable situation
Key priority to secure a 'substantive' chief constable to lead D&C Police
-
Exeter Cathedral abseil raises over £50,000
They more than doubled their target
-
Moves made to avoid controversial estate management firms
East Devon agrees to kickstart a review into how it provides public amenities to new developments
-
Turnout for police and crime commissioner election drops as count continues
Just over a fifth of possible voters went to the poll for the PCC
-
How Exeter's traffic troubles influenced council vote
LTN campaigner ousts Labour candidate
