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Old 6th Mar 2024, 11:40
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jmdavies86
 
Join Date: Feb 2019
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Not strictly SEN-related, but I wonder how this deal affects Carlisle Lake District Airport (CAX), if at all...?!

Two points of note in the latest RNS...

"Cyrus will provide liquidity to the Esken group to meet its working capital needs during this process and to allow an orderly wind down of the remaining group.

...its intention to (i) dispose of certain non-core assets for a consideration of £8.5 million...all progress was stopped in light of recent events..."


By 'orderly wind down of the remaining group', am I right to assume that this means the complete closure of the CAX if no buyer can be found, as talks with the potential buyer were stopped in light of the deal between Esken, CGI & Cyrus...?!

I was up in Cumbria last week, but nobody seemed to know anything and/or were willing to even talk about it...?!
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