The board of Aer Lingus Regional operator Stobart Air is locked in crunch talks with financial advisers, thrashing out options to save the business, the Irish Independent has learned.
Sources close to the situation said "all options are on the table", including potentially seeking court protection through an examinership if the board and independent accountants believe the company meets the criteria.
The situation creates major uncertainty for remaining workers at the Dublin-based airline, which before the coronavirus pandemic employed about 450 staff.