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Old 13th Jan 2020, 13:57
  #3767 (permalink)  
Expressflight
 
Join Date: Jul 2006
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Age: 75
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Originally Posted by SARF
Stobart bought into Flybe for next to nothing The question is did they sink more money into,it or are they part of the whole asset stripping scam
As far as I recall Stobart contributed their aircraft leasing asset business (previously called Propius) and Stobart Air (the AOC holding company) in return for their 30% share in Connect Airways. Whether they had also to contribute cash to keep Flybe afloat I don't know.
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