Takeover target Flybe is to hold a shareholder vote in March on whether to oust chairman Simon Laffin, while the airline also mulls two separate proposals for the group. Takeover target Flybe is to hold a shareholder vote in March on whether to oust chairman Simon Laffin, while the airline also mulls two separate proposals for the group. Flybe to hold vote on chairman’s future as second offer is tabledFlybe said on Monday that following a request from Hosking, its biggest shareholder, it will convene a general meeting to consider resolutions to replace chairman Mr Laffin with Eric Kohn. Hosking wishes Mr Kohn to investigate the carrier’s recently agreed takeover by the Connect Airways consortium – which consists of Virgin Atlantic, Stobart Group and investment firm Cyrus Capital – for 1p a share. However, the airline said that it “does not consider that the preliminary proposal offers the certainty required to secure the future of Flybe”.

Source: Irish Independent February 04, 2019 08:08 UTC