8/31/2023 0 Comments Breeze airways ticker symbol20+ year commercial relationships with some of the largest global logistics providers, airlines, freight forwarders and e-commerce operators, across Europe, the U.S.Established Track Record, with Close Partnerships and Longstanding Ongoing Contracts.Express air cargo market is forecasted to grow at 5% per year, 1.8x the rate of general cargo (2019-2041) 3.Global air freight has historically grown at more than 3x global GDP growth (1973-2019) 2.E-commerce tailwinds, an increasing focus on supply chain security, and a need for larger and more efficient dedicated freighter capacity.Sector Tailwinds Due to Increasing Demand Combined with Supply-Side Constraints. 25 years of operating experience with flights to 41 countries on 4 continents.A Global Logistics Provider and E-Commerce Enabler.“We see significant value creation potential from becoming a publicly listed company in the U.S., with the expectation that it will enable transformative commercial agreements, create an acquisition currency, and align management incentives with shareholders.” As a public company, MNGA is expected to gain increased financial flexibility, and to be well positioned to unlock new growth avenues and maximize value creation. The transaction is expected to close in the first half of 2023, after which MNGA will be listed on the New York Stock Exchange (the “NYSE”) under the new ticker symbol “MNGA”. (“Golden Falcon”) (NYSE: GFX), a special purpose acquisition company. (MNG Airlines), a global logistics provider and e-commerce enabler, has entered into a definitive agreement to become publicly traded via a business combination with Golden Falcon Acquisition Corp. The transaction is expected to have a pro-forma enterprise value of $676 million, assuming minimum gross transaction proceeds of $30 million, implying a 5.8x multiple on LTM Adjusted EBITDA as of 30 September 2022.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |