Flybe investor Andrew Tinkler brands airline sale ‘an insult’
The sale of ailing UK regional airline Flybe for 1p a share was “an insult to the aviation industry”, according to the company’s second-biggest investor. Andrew Tinkler, who has not previously spoken about why he in January bought a 12% stake in Flybe, said he was motivated to do so after a consortium of Virgin Atlantic, the Stobart Group and Cyrus Capital swooped with their ultra-low GBP2.2m bid. “Since buying those shares, a lot of people have contacted me and do think there’s a lot of value in that business,” said Tinkler, who has supported an effort to eject the airline’s chairman and to investigate the sale. Hosking said accepting the offer made by the 3-group consortium, which will be called Connect Airways, had been “very cavalier with people’s investments”. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-02-19/unaligned/flybe-investor-andrew-tinkler-brands-airline-sale-2018an-insult2019
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Flybe investor Andrew Tinkler brands airline sale ‘an insult’
The sale of ailing UK regional airline Flybe for 1p a share was “an insult to the aviation industry”, according to the company’s second-biggest investor. Andrew Tinkler, who has not previously spoken about why he in January bought a 12% stake in Flybe, said he was motivated to do so after a consortium of Virgin Atlantic, the Stobart Group and Cyrus Capital swooped with their ultra-low GBP2.2m bid. “Since buying those shares, a lot of people have contacted me and do think there’s a lot of value in that business,” said Tinkler, who has supported an effort to eject the airline’s chairman and to investigate the sale. Hosking said accepting the offer made by the 3-group consortium, which will be called Connect Airways, had been “very cavalier with people’s investments”. <br/>
