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 ...

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