Agreement with Stobart Air

2 May 2017

Flybe Group Plc Agreement with Stobart Air

Flybe Group PLC ("Flybe") announces that an agreement has been signed with Stobart Air Unlimited (trading as Stobart Air), a subsidiary of Stobart Group Limited ("Stobart"), to provide two Embraer E195 aircraft under a combined commercial arrangement lasting up to 20 months subject to earlier termination options. The two aircraft will be based at London Southend Airport. Flybe will initially operate the aircraft on behalf of Stobart under a crewed "wet lease" arrangement migrating to Stobart operating the aircraft itself no later than 1st January 2018. The aircraft will be operated in Flybe branding under the existing Franchise Agreement between the two companies.

Catherine Ledger

General Counsel & Company Secretary

Flybe Group Plc