Stobart Air is no longer a seperate company
It is wholely owned by Connect Airways on which Stobart group plc the former owners have a thirty per cent share.
This was part of Stpbart Groups contribution to the holfing company (Connect Airways).
In regards to assets including any aircraft owned by Flybe Ltd
They are assets owned by Flybe. and cannot be automatocally transferred. This means that Connect Airways would have to part with more cash to acquire them.
In other words Connect Airways are now in a mess.
If Connect Airways fails, Stobart Airways would probably pe put up for sale
Would Stobart group be prepared to buy it back having previously given it away as their share of Virgin Connect?
Answers on a postcard please