As the final details of a take-over led by Virgin Atlantic are put in place, Flybe has agreed to sell a series of take-off and landing slot at Gatwick to Spanish budget carrier Vueling.
The deal is priced at £4.5 million.
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It is reported the slots related to the current Gatwick-Newquay service.
Flybe will transfer the flight to Heathrow in March.
International Airlines Group-owned Vueling will pay the funds in two tranches, the first being receivable in the next few days.
In a notice to the London stock exchange, Flybe added: “The remainder is due in June 2019 in respect of slots to be used during the winter season in 2019 and subsequent winter seasons.”
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Flybe in 2013 sold several slots at Gatwick to easyJet for £20 million as it sought to rationalise its operations.
Source: Breaking Travel News