It seems that Stobart are after raising £120million in the markets:
http://www.stobartgroup.co.uk/Images...2021_04_11.pdf
The main bit of interest is reproduced below:
Airports*Division*(“Stobart*Airports”)
This
division
consists
of
LSA
and
CLDA.
Some
of
the
Placing
and
Open
Offer
proceeds
will
be
used
to develop
the
new
distribution
centre
at
CLDA
and
complete
the
ongoing
work
at
LSA.
The
Directors
expect this
will,
respectively,
achieve
annual
operational
cost
savings
of
around
£1
million
for
Eddie
Stobart
and generate
a
development
profit
for
Stobart
Estates.
In
addition,
the
division
is
in
discussions
with
a
number
of
European
airlines.
Any
agreements
with
these airlines
could
result
in
a
requirement
to
complete
LSA
to
a
higher
specification
and
build
a
hotel.
The
additional
funding
that
has
been
earmarked
by
the
Company
for
LSA
is
dependant
on
the
signing
of
a
significant
contract
with
a
low
cost
European
airline.
The
Group
intends
to grow
Stobart Airports
significantly
including
the
ongoing
development
at
LSA
in
time
for
the
2012
Olympics.
The
Directors
believe
that
LSA
will
be
able
to
develop
new
routes
and
attract
new
operators
over
the
next
few
years,
with
the
aim
of
servicing
between
2
and
2.5
million
passengers
annually.
The
Group
will
also
pursue
air
freight,
maintenance
and
airport service
opportunities
at
LSA,
including
airport
retail,
private
facilities,
lounges
and
fees
generated
from the
rail
terminal,
which
will
provide
up
to
eight
services
an
hour
direct
to
London
Liverpool
Street.
Additionally,
the
Directors
believe
that
CLDA
can
eventually
be
developed
and
could
act
as
a
link
for scheduled
services
to
and
from
LSA.
Until
such
time
as
CLDA
is
fully
developed
for
passenger
transport,
it
will
continue
to
provide
cost
savings
for
the
Eddie
Stobart
division,
as
well
as
generating
revenues
from
ancillary
airport
services.
Alastair
Welch
will head
Stobart
Airports
and
it
is
anticipated
that
future
performance
can
be
benchmarked
against
other
airport
operations.