Flair Airlines in talks to go public through merger with New Vista

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Flair Airlines in talks to go public through merger with New Vista — via financialpost

New Vista may seek to raise additional financing to support a transaction, said one of the people, all of whom requested anonymity in order to discuss private information. The special purpose acquisition company is led by Dennis Muilenburg, Boeing’s CEO from 2015 to 2019.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

New Vista raised US$276 million in a February 2021 initial public offering, saying that it planned to find a target in the space, defence and communications sector or the advanced air mobility and logistics industries. Canada doesn’t allow foreign investors to control airlines. Flair, which received financing from 777 Partners LLC, was forced to overhaul its structure to lessen the influence of the Miami-based investment firm. Canada’s transport agency ruled in June that Flair does meet domestic ownership requirements, allowing it to continue operating flights.Article content

 

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financialpost Tried them once. My booking was cancelled but was never told. I had to call them. Why would anyone want to invest in that trainwreck of an airline?

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