Ryanair interested in equity stake in Brazil's WebJet; Flybe witness slump in FY2009 profits

WebJet confirmed Ryanair Holdings (shares up 0.8%) has offered to buy an undisclosed equity stake in the Brazilian airline. Talks with Ryanair are likely to proceed once Brazil enacts a new law, expected in Mar-2010, increasing foreign ownership levels in Brazilian airlines from the current 20% to 49%.

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