FLYBE : SIGNS WHITE LABEL AGREEMENT WITH SAS

26 November 2014

Flybe Group plc

("Flybe" or "the Group")

FLYBE SIGNS WHITE LABEL AGREEMENT WITH SAS

Flybe today announces that it has signed a white-label agreement to fly services for SAS, Scandinavia's largest carrier.

Flybe will operate four ATR72-600 aircraft on behalf of SAS with initial operations due to start in October 2015.

The aircraft, which will operate under Flybe's Airline Operating Certificate (AOC), will be used on short-haul SAS services in Europe and are being provided with full flight and cabin crew as well as maintenance.

The agreement is for a period of six years with scope for it to be extended and also for a further four aircraft to be brought into service as required.

SAS carries around 30 million passengers per year to destinations in Europe, USA and Asia.

Saad Hammad, Flybe's Chief Executive Officer, said : "We are delighted to announce this agreement with SAS which provides a turn-key regional capacity solution. This white label agreement with Scandinavia's largest carrier confirms Flybe's twin-engine growth strategy and we are excited about its long-term potential. We look forward to starting operations in Scandinavia next year."

Chief Operating Officer Flemming Jensen, SAS, said : "It's always a great pleasure to take in brand new aircraft in our traffic. We already have very good experiences with the ATR turboprop, and our customers can look forward to high quality and a pleasant and joyful journey with Flybe for SAS. This agreement means that SAS' production can become even more effective and we also streamline our fleet with respect to the type of aircraft external carriers fly for us."

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