Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Carlyle, Cyrus Plan London Southend Airport Takeover to End Debt Dispute.

flag Esken, the owner of Southend Airport, is considering a deal that could see it lose control of the airport as part of a settlement with US private equity firm Carlyle over a loan dispute. flag Esken borrowed £125m from Carlyle during the Covid-19 pandemic in 2021 to secure its finances, but Carlyle claimed that Esken had broken the terms of its loan and demanded £200m back in a court case filed last year. flag Esken has until March 4 to decide whether it wants to accept a recapitalisation proposal with Carlyle, which would involve the US firm taking ownership and providing £32m in new funding.

11 Articles