and Stobart Group has invested £45m through a combination of cash and the sale of Stobart Air, Stobart Group's regional airline, and its aircraft leasing business, Propius.
Can't get my head round this comment - what is meant by the reference to the sale of Stobart Air and Propius? to whom - the new company? How does that work?
However, though the Consortium announced its intention to acquire the assets of Flybe in January 2019, it did not receive merger control clearance from the European Commission for its acquisition of Flybe until 5 July 2019. The delay in receiving control, coupled with a number of other factors including legacy issues, impacted on the delivery of the Consortium's turnaround plan for Flybe.
Surely the referral can't have been a surprise, nor the length of time the clearance would take?