Emergency Order from Egal Air
Due to 3.5bn of bank loan, Egal Air is currently buring weekly 110m$ and earning is around 8m$.
Due to heavy burning cash, shareholders are creating pressure into the airline.
In total 110 shareholders are invested into the airline and 48.6% stake into their hand. They don’t want to loose money at any cost.
Therefore, Egal Air is going for acquire new or used aircraft forcefully.
Shareholders makeout a budget of 10bn dollar.
Boeing and Airbus aircraft will come in stages into the fleet.
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