Arizona airline Mesa swoops with bid to ground Flybe deal
An Arizona-based commuter airline is backing a proposal to shore up the finances of Flybe in a last-ditch effort to scupper a takeover led by Virgin Atlantic Airways. Mesa Air Group is part of a consortium which has tabled an offer to inject GBP65m of new equity into Flybe. The rival proposal is understood to have been submitted to Flybe's board Tuesday afternoon. People close to the company said the refinancing plan was being led by Bateleur Capital, an investment firm which focuses on industries including aviation. The offer is conditional on a previously agreed deal with Virgin being abandoned. Under the terms proposed to Flybe, the rival consortium would inject GBP65m of new equity issued at a price of about 4.5p-a-share - which is significantly more than the total value of an offer from Virgin Atlantic and its partners. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-02-20/unaligned/arizona-airline-mesa-swoops-with-bid-to-ground-flybe-200edeal
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Arizona airline Mesa swoops with bid to ground Flybe deal
An Arizona-based commuter airline is backing a proposal to shore up the finances of Flybe in a last-ditch effort to scupper a takeover led by Virgin Atlantic Airways. Mesa Air Group is part of a consortium which has tabled an offer to inject GBP65m of new equity into Flybe. The rival proposal is understood to have been submitted to Flybe's board Tuesday afternoon. People close to the company said the refinancing plan was being led by Bateleur Capital, an investment firm which focuses on industries including aviation. The offer is conditional on a previously agreed deal with Virgin being abandoned. Under the terms proposed to Flybe, the rival consortium would inject GBP65m of new equity issued at a price of about 4.5p-a-share - which is significantly more than the total value of an offer from Virgin Atlantic and its partners. <br/>
