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Old 6th Dec 2019, 14:38
  #3717 (permalink)  
LTNman
 
Join Date: Jul 2002
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That £55 million is to stop the group folding I would have thought. Not sure how one bit of Stobart connects to the Stobart aviation side but for the future prosperity of Southend Airport maybe the lease needs to be sold. That idea might not go down too well here but if you was an institution would you lend Stobart new money to expand the airport when it is in financial difficulties? Stobart might find there are no airport investors or the interest rates are too high for those willing to take the risk. I would assume the collateral would normally be the airport but then Stobart doesn't own the airport.
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