Flybe quits Gatwick - Easyjet statement

A company spokesman said: "Easyjet plc can confirm it has completed an agreement with Flybe Group plc to acquire 25 pairs of arrival and departure slots at Gatwick airport for a total consideration of £20 million. The acquisition is subject to the approval of Flybe's shareholders.

"The slots will transfer from summer 2014 and will allow easyJet to provide additional frequencies on popular existing routes from Gatwick as well as add new destinations across the UK and Europe."

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Flybe to pull out of Gatwick

Flybe is to axe all of its Gatwick flights, having sold its arrival and departure slots at the London airport to easyJet for £20 million.