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Old 5th Sep 2020, 06:28
  #607 (permalink)  
Expressflight
 
Join Date: Jul 2006
Location: UK
Age: 75
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southside bobby

It isn't so much that Stobart Group urgently need the cash from selling Stobart Air as that situation has eased following the recent shareholder fundraising exercise. The problem is that the past Propius fleet sale and leaseback deal left the Group with a future substantial potential financial liability - that's why they bought Stobart Air back from the Connect Administrators. That aspect will need to be passed on to Falko for the deal to go ahead.
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