Originally Posted by
compton3bravo
My interpretation of the information issued is that Stobart Air and Leasing business will be no more but will be absorbed into Connect Airways (the holding company). Stand by for a lot of pruning at some regional airports and concentrate on Heathrow, Manchester and Southampton. Of course all this has to be agreed by the shareholders which are going to get 1p per share.
It's a case of wait and see but everyone is assuming they will cut but it could also be a case of them keeping the current bases but expanding at the likes of MAN to turn it into a transatlantic hub. You've also got to remember that at Heathrow their slots are limited and it isn't a base for Flybe, all the flights are non based.