Esken has agreed the deal negotiated between LSA and Carlyle Global Investments (CGI). CGI will own 82.5% of the equity of LSA in place of the outstanding £193.75m convertible loan. The £24.3m debt owed by LSA to Esken Aviation Ltd. will convert to a 17.5% equity stake. Also £5m of bridging funding will go to support the airport during the completion of this process and that will be part of the £32m additional working capital to be made available to LSA to secure the future growth of the airport.
Edit: P.S. Beat me by two minutes jmdavies86.
Last edited by Expressflight; 6th Mar 2024 at 07:41.