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AMG Ventures takes minority stake in UK's Ecojet Airlines

British business accelerator AMG Ventures, led by industry veteran Peter Davies, has taken a minority share in Scottish electric airline startup Ecojet Airlines, being launched by British green energy tycoon Dale Vince.

According to Companies House records filed on August 26, AMG Ventures holds the smallest stake of 2,000 ordinary shares in the nascent green airline, equivalent to around 6%. Davies is a director of Ecojet Airlines and the founder and CEO of airline consultancy Airline Management Group (AMG), which runs AMG Ventures. As the current chairman of US-based Airlink, an aviation industry disaster relief coordination body, Davies previously served as CEO of Air Malta, Air Southwest in the UK, Caribbean Airlines in Trinidad & Tobago, and SN Brussels Airlines in Belgium. He also launched Oman’s first low-cost carrier SalamAir and helped restructure South African Airways.

British green energy entrepreneur Dale Vince holds 8,334 ordinary shares in Ecojet. Vince, the founder of British energy firm Ecotricity, also sits on the boards of a slew of green energy companies in the United Kingdom....

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