UPDATE 1-Flybe shares soar after possible alternative financing deal [Reuters (UK)]
Mesa Air Group, Inc. (MESA)
Last mesa air group, inc. earnings: 2/10 04:02 pm
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Source: Reuters
UPDATE 1-Flybe shares soar after possible alternative financing deal | Reuters 3 Min Read (Adds details on proposal, background and shares) Feb 20 (Reuters) - Shares in Flybe Group Plc sky-rocketed after it said it had received an alternative financing proposal from a new consortium, challenging a Richard Branson-backed group that agreed to buy out the struggling British regional airliner. Flybe said the new preliminary financing proposal was from Bateleur Capital, Mesa Air Group Inc with support from Stobart Group former boss Andrew Tinkler. Flybe said on Wednesday that the proposal was “highly conditional” and it does not believe it could be workable in the time-frame required to enable Flybe to continue to trade. The stock more than doubled to 2.52 pence at 0817 GMT. The optional financing proposal, which includes other undisclosed institutional shareholders, could look to inject cash into Flybe and replace the current funding, according to a statement. Sky News reported bit.ly/2GA
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MESA
Earnings
- 8/9/23 - Miss
MESA
Sec Filings
- 2/27/24 - Form 10-K/A
- 2/26/24 - Form 4
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