Flybe takeover in question after Tinkler proposes new capital injection

Lauren Eldershaw
By Lauren Eldershaw February 4, 2019 11:06

Flybe takeover in question after Tinkler proposes new capital injection

Flybe shareholder and former Stobart chief, Andrew Tinkler, has offered a capital injection to Flybe if it halts the deal with the Connect Airways consortium – comprised of Stobart, Virgin Atlantic and an investment firm. Flybe confirmed in a stock exchange announcement that Tinkler had made a “very preliminary, short and highly conditional outline contingency proposal” for a capital injection into Flybe, if the sale of Flybe’s operating businesses to Connect Airways . . . does not complete.

Flybe is also preparing to hold a shareholder vote on the request by Hosking Partners – a 19% stakeholder – for the departure of Laffin as chairman.

Lauren Eldershaw
By Lauren Eldershaw February 4, 2019 11:06