Stobart raised £100m from "investors" in June to shore up its balance sheet.
Propius is another aspect of the financial mire associated with the Groups pretty disastrous foray into aviation.
The rail business has already been unloaded for a nominal sum.
Common factors in play with the latest revelations are Dublin-a familiarity between all & both operators loaded with debt which Falko seemingly is not adverse to.
The only "prize" at eye level viewing appears to be the IAG/EIN franchise.
A pertinent question possibly given the stated desire/need of the Stobart Group to exit Stobart Air where next if the "deal" falls through coupled with IAG/EIN playing extreme hardball re the franchise renewal as WW at IAG signaled previously would be the case.