Air Partner and Wheels Up (Bidco) have published a scheme of arrangement to implement the agreed all cash offer by Bidco for the entire issued, and to be issued, share capital of Air Partner, announced on January 27. The acquisition at 125p per Air Partner share values Air Partner’s entire issued, and to be issued, ordinary share capital at approximately £84.8 million. All Air Partner Shareholders will receive the proposed plan ahead of the next general meeting to affirm the transaction. The scheme requires a 75% majority shareholder approval. The Air Partner Directors, advised by Canaccord as to the financial

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