"Stobart Air was only saved to prevent group collapse - MD"
The Irish Independent reports (my emphasis):
Dublin-based Stobart Air, which operates the Aer Lingus Regional service, was only saved from receivership by the UK's Stobart Group to prevent the group itself from collapsing, the managing director of the Irish airline has confirmed.
In an internal Stobart Air memo seen by the Irish Independent which details minutes of a crisis meeting held two weeks ago, managing director Andy Jolly also said that Stobart Group has no intention of owning Stobart Air in the long term and won't bankroll an expansion the carrier had planned at Belfast and the Isle of Man.
The current contract Stobart Air has with Aer Lingus expires at the end of 2022.