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Flybe Snubs Takeover Proposal from US Airline Mesa Air and Hedge Fund Bateleur Capital

(Irish Independent) Troubled airline Flybe has snubbed a rival takeover proposal from US airline Mesa Air Group and hedge fund Bateleur Capital, with support from Stobart Group former boss Andrew Tinkler. In a brief statement Flybe, which in Ireland operates out of Dublin, Cork, Knock and Belfast, said it notes the recent media speculation and confirms that, yesterday, it received a preliminary and “highly conditional” outline contingency proposal from the group.

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