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Aviation: New last-minute offer for Flybe
- The Aviation Oracle
- Feb 20, 2019
- 3 min read
A consortium comprising Bateleur Capital and US commuter carrier Mesa Air are leading a last-ditch bid to rescue Flybe. The offer includes an injection of £65m into the struggling British carrier, but is conditional on the the rival bid from Connect Airways and supported by Virgin, Stobart and Cyrus Capital not being completed. It also requires the support of Flybe's credit card acquirers that are reported to have withheld as much as £50m in advance fare payment to protect their own interests should the airline collapse.
