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.
