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Old 5th Mar 2020, 20:44
  #3883 (permalink)  
asdf1234
 
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Originally Posted by Buster the Bear
I bet the shareholders are delighted with this! That is a lot of money to repay!

https://www.in-cumbria.com/news/1828...lybe-collapse/
Stobart Group had sold and then leased back the aircraft fleet that they then placed into the Connect consortium. I think shareholders will have been pleased to see the back of the liability this created in the balance sheet of Stobart Group. In my view it was a canny move.
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