Originally Posted by
Expressflight
I cannot see this being good news for Stobart.
Their shares have fallen 7% this morning and I wonder if Stobart have put cash into Connect which was in turn loaned to Flybe to sustain operations so far. It could be that a Pre Pack Sale deal might be done to extract the viable parts of the Flybe operation while leaving the rest for the liquidators to deal with. Let's just hope it doesn't come to that and financing can be found to keep Flybe in the air - if only for the sake of its employees and customers.
The share price drop might be to do with Stobart's long term majority shareholder and owner (Invesco) selling over half their shares to an activist fund manager. The market will need to work out why Invesco are selling down, what plans the activist fund manager has for Stobart going forward (activist fund managers get actively involved in the running of the company), and of course, what effect the FlyBe news has / will have on revenues at SEN.