Flair Airlines (F8, Kelowna) has announced that its long-time backer and investor 777 Partners has cut its stake in the business, saying that an unnamed “affiliate of Flair’s largest senior lender” had acquired part of 777’s shareholding in the carrier while also “providing new non-binding debt funding”. It did not disclose the size of the portion that changed hands, but Canada’s Globe and Mail newspaper reported that the private investment firm had reduced its stake from approximately 25% to less than 10%….

Source: ch aviation
Read more: Canada's Flair Airlines sees 777 Partners cut stake