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Tag: shareholder

Former Flybe shareholder plots regional airline’s revival

Former Flybe shareholder plots regional airline’s revival

Business
A shareholder in Flybe when it collapsed this year with the loss of thousands of jobs is in talks with its administrators about a potentially controversial bid to resuscitate the regional airline. Sky News has learnt that Cyrus Capital, a hedge fund with offices in Mayfair, is behind a plot to reacquire some of Flybe's assets, despite the devastating impact of the coronavirus pandemic on Britain's aviation industry. Cyrus Capital, which is run in Europe by Lucien Farrell, is understood to be in discussions with EY - which was appointed to handle the company's insolvency in March - about a deal.It is said to want to relaunch a smaller version of Flybe next year, although the precise timetable would be subject to a recovery in passenger demand and the removal of coronavirus-related quarantin...
Hanjin chairman wins sibling shareholder feud over Korean conglomerate

Hanjin chairman wins sibling shareholder feud over Korean conglomerate

World
SEOUL, March 28 (UPI) -- Hanjin Group Chairman Cho Won-tae beat his elder sister Cho Hyun-ah in a proxy war during the Friday shareholders' meeting of Hanjin Kal, the group's holding company. A total of 56.56 percent of shareholders supported the reappointment of Cho Won-tae as an insider director of Hanjin Kal, while 43.27 percent voted against it. Along the same lines, shareholders agreed to accept five external directors proposed by Cho Won-tae's side and rejected four candidates suggested by Cho Hyun-ah's side. After former Chairman Cho Yang-ho died early last year, his only son took charge of Hanjin Group, which owns the country's flagship carrier, Korean Air lines. Late last year, however, Cho Hyun-ah formed a shareholder alliance to challenge the incumbent stewardship by joining h...