All Stobart Air articles
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NewsEsken concentrates on airport assets after dropping Stobart Air
London Southend airport operator Esken has identified Carlyle Global Infrastructure Opportunity Fund as the party with which it is attempting to finalise a strategic partnership for the facility. Under the proposed terms of the potential agreement Carlyle would provide a loan amounting to £120 million ($170 million). The ...
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News
Parent of collapsed Stobart Air trying to place ATR fleet with other operators
Irish regional carrier Stobart Air’s parent company, Esken, is attempting to redeploy its ATR turboprop fleet with other operators following the airline’s collapse. Esken halted its financial support to Stobart Air after cancelling a planned sale of the carrier to Isle of Man investment company Ettyl, when Ettyl’s funding ...
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News
IAG carriers take up routes abandoned by Stobart Air collapse
IAG carriers have stepped up to provide an urgent temporary replacement schedule for routes left open by the sudden cessation of Stobart Air operations. Stobart Air had been conducting services under the Aer Lingus Regional franchise but ceased operations late on 11 June. Twelve routes are immediately affected ...
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News
Irish regional Stobart Air ceases operations
Struggling Irish regional carrier Stobart Air has terminated its franchise agreement with Aer Lingus and is to cease operations following the collapse of a proposed purchase of the airline.
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News
Stobart Air sale delayed after buyer hits financing hurdle
The proposed sale of regional operator Stobart Air and Carlisle Lake District airport has hit turbulence after the buyer’s proposed financing for the deal fell through.
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News
UK’s Stobart Air and Carlisle airport sold to Isle of Man investor
UK regional carrier Stobart Air is to be sold to an Isle of Man-based investor, Ettyl, which is also acquiring the northern UK’s Carlisle Lake District airport. Stobart Air, which operates regional services under a franchise arrangement with Irish carrier Aer Lingus, and the airport are being divested by ...
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News
Stobart Group still plans airline exit despite Aer Lingus franchise setback
Stobart Group still intends to divest its regional operator Stobart Air by the end of the financial year, despite Irish carrier Aer Lingus’s deciding not to renew a franchise agreement with the company. Aer Lingus has been using Stobart Air for regional connections for several years and Stobart Group ...
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News
Stobart bids for fresh Aer Lingus deal to speed regional airline sale
Stobart Group has entered a tender to secure a long-term flying agreement with Aer Lingus beyond 2022 as part of its effort to dispose of regional carrier Stobart Air before the end of March 2021.
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Stobart focuses on cost cutting and Southend restart
Stobart Group, owner of London Southend airport and majority shareholder in Stobart Air, has indicated that its focus remains on minimising cash burn despite limited earnings from cargo operations and restarted passenger flights.
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Stobart confirms Falko among possible buyers for regional unit
Stobart Group has confirmed it is in ‘early stage’ discussions with a number of parties including Falko Regional Aircraft over the possible sale of its regional arm Stobart Air and aircraft lessor Propius.
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News
Stobart agrees to buy back regional unit and aircraft lessor
Stobart Group has agreed with the administrators of Connect Airways to buy back Irish regional carrier Stobart Air and aircraft lessor Propius in a deal aimed at handling outstanding financial commitments.
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News
Stobart Group ponders move to buy back regional operator
Stobart Group is considering buying back Irish regional operator Stobart Air and lessor Propius from the administrators of Flybe parent, Connect Airways.
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News
Outbreak halts talks on London Southend stake sale
London Southend airport operator Stobart Group has disclosed that it has been negotiating sale of a minority share in the airport, but that discussions have been suspended as a result of the coronavirus uncertainty. The discussions had signalled a value for the airport of £700-800 million, says the company, ...
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News
Flybe chief to depart
Flybe chief executive Christine Ourmieres-Widener is to step down in July following the sale of the UK carrier to the Connect consortium earlier this year.
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News
Cuts likely as Virgin shapes Flybe-Stobart combination
Virgin Atlantic-backed Connect Airways aims to concentrate on simplifying Flybe’s core network and improving performance following its acquisition of the UK regional carrier.
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News
Virgin to integrate Flybe-Stobart with long-haul network
UK regional operators Flybe and Stobart Air will be combined and brought into an integrated commercial co-operation with Virgin Atlantic’s long-haul operation under a newly-disclosed takeover plan.
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Virgin Atlantic and Stobart link up to take over Flybe
Virgin Atlantic and Stobart Aviation have established a joint company, Connect Airways, which is to acquire UK regional operator Flybe.
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Virgin continues to circle Flybe
Virgin Atlantic is still reviewing its options with regard to Flybe a month after first disclosing its interest in the UK regional carrier.
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Analysis
ANALYSIS: How Virgin could benefit by acquiring Flybe
When Flybe put itself on sale earlier this month it looked like it might end up as a one horse race, with previous suitor Stobart expected to make a fresh bid for the UK regional carrier. But Virgin Atlantic's disclosure that it is also considering making an offer adds an ...
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News
Virgin Atlantic confirms talks with Flybe
Virgin Atlantic has revealed that it is in talks with Flybe that could include a "possible offer" for the UK regional carrier.
