Thread: Stobart Air-2
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Old 20th Mar 2020, 19:25
  #531 (permalink)  
Join Date: Jul 2008
Location: EIDW
Posts: 20
Originally Posted by MCDU2 View Post
Was the EI Regional work not ring fenced to avoid this exact type of scenario? I seem to remember Willy Walsh confirming as much in a recent interview. When EI was a listed company and embarked on the EI Regional tie up with Stobart I think there was a complex sale and leaseback agreement of which EI took a stake. I don't know if EI sold its stake in Propius but in anycase there would be no shortage of takers to fly the routes when demand returns if it unfolds that Stobart is unable to operate the regional work.
I believe Stobart group bought out the EI stake some time later

Good shout on Cityjet if they are still around they previously tried to tie up with Stobart in the past
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