UK regional Flybe has rejected a rival takeover bid from investors led by Mesa Air Group, which seeks to halt the sale of the airline to Virgin Atlantic- and Stobart Group-led consortium Connect Airways. Flybe said it had received on Feb. 19 a “preliminary and highly conditional contingency proposal” from an investor group led by US-based Mesa and Bateleur Capital, with indicative support from former Stobart CEO Andrew Tinkler. The proposal is for a capital injection, reported ...

Subscribe to Access this Entire Article

"Flybe turns down counter takeover bid from Mesa Air Group " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.