easyJet plc (LSE: EZJ) and Stobart Group Limited (LSE:STOB) are looking at buying struggling Flybe Group PLC (LSE:FLYB). Flybe put itself up for sale after another disappointing set of results. Stobart is considering buying all or part of the group, while easyJet is looking at purchasing a part of the company.

Flybe said it was “undertaking a comprehensive review of the various strategic options” as it struggled with falling profits, a weaker pound and rising oil prices. The options included cutting its fleet further, selling assets or an outright sale. EasyJet is considering whether it is interested in parts of the business.

“We've always said that we will play a role in consolidation where it makes sense. We evaluate all opportunities as they arise,” EasyJet said. “We will consider all options.

We have a number of valued assets, from infrastructure to aircraft to engines,” Christine Ourmières-Widener, Chief Executive said. Flybe's share price has fallen two-thirds since Stobart's bid and was up 2.6% at midday on November 14, 2018 on the sale announcement.