Reported about 14 hours ago
A consortium led by RRJ Capital is approaching a deal to purchase over $600 million in convertible preference shares from VistaJet, aiming to leverage the growing demand for private jet services. Members may convert these shares into ordinary stock in the event of an IPO expected in the next three years. The funds will primarily be used to reduce VistaJet's approximately $4 billion debt. The deal could be finalized in the coming weeks, although no agreement is guaranteed.
Source: YAHOO