Canadian Airline Flair Said to be in Merger Talks with New Vista Acquisition

Flair Airlines Ltd., a low-cost Canadian airline, is in talks to go public through a merger with New Vista Acquisition, which is backed by a former Boeing CEO, Bloomberg reports, citing people with knowledge of the matter.

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 SPAC is led by Dennis Muilenburg, Boeing’s CEO from 2015 to 2019. Muilenburg was fired as Boeing’s CEO for fostering a culture that prioritized profits over safety, having led the company during the 737 Max rollout.

A deal with Flair hasn’t been finalized. Read more.

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Fintech Firm Wise’s £9 Direct Listing Plan Buoys London: Report

London’s hopes of attracting more technology companies looking to float on the stock market have received a shot in the arm after the fintech firm Wise chose the city for a rare direct listing expected to value the company at up to £9 billion ($12.42 billion), The Guardian reports. The news confirms reporting earlier this week that the fintech was mulling a direct listing in the UK.