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Old 27th Oct 2013, 17:41
  #615 (permalink)  
Jamie2k9
 
Join Date: Jun 2010
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What other pipe dreams have Stobart had? Who is really pulling the strings in RE at the moment? The interim CEO is still of course a Stobart man, Stobart still holds a 45% shareholding.

What has been alluded to in the Irish Independent article is not anything new. The plan to use Aer Aann to expand passenger throughput was stated in the Stobart's preliminary trading report from February.
Aer Lingus are more less running RE and they have invested in new aircraft for growth for themselves. RE currently have 12 active aircraft, 3 more due when the others arrive some will be sold on so capacity will be limited.

Stabarts have talked loads about basing aircraft in the UK and SEN wasn't the only airport. It's simply not going to happen. No market for it.

This focus on the franchise is what led to routes like Waterford-Luton being axed as there more money to be made elsewhere.
It was scrapped because of the short sited shareholders. Stabart's preferred to get passengers into the construction site that was SEN in March 2011 risking the viability and profitability of an airline to get some good PR around SEN.

Last edited by Jamie2k9; 27th Oct 2013 at 17:45.
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