Originally Posted by
LGS6753
As I mentioned earlier:
Now that Stobart (as a public company) has confirmed that the consortium has injected £110m, the total 'burned through' in the year looks like £216m. Astonishing.
Even allowing for the EU waiting six months to agree the deal (why were they even involved?), that's an awful lot of money.
Stobart have 30% of connect airways. Their 30% contribution was the airline assets of Stobart air. I don't believe they contributed or invested any money. The other two investors had to pump money into connect to keep it operational. I suspect connect airways still have £50m to £100m in the bank. However as per last year, the credit card companies will significantly restrict the use of of that cash due to their fragile financial state.