From their annual meeting
The last sentence suggests they still plan on controlling Stobart air to a certain degree.
"Our target is to grow passenger numbers at London Southend Airport to over 2.5 million passengers per year and deliver £8 EBITDA
per passenger by 2018.
Last month, we reported that the airport served 0.9 million passengers in the year to 29 February 2016.
In the three months to 31 May 2016, like‐for‐like passenger numbers and load factors were broadly in line with the prior year, on‐
me performance con nues to outperform airline targets and revenue per passenger increased.
London Southend Airport's management team have advanced talks with a number of low‐cost carriers and full service operators,
who want to take advantage of the airport's access to London capacity at peak mes, to deliver this growth.
Our airline investment, Stobart Air, carried 353,000 passengers in the three months to 31 May 2016, an increase of nearly 17% and we
are considering opportuni es with the airline to develop sustainable routes to and from London Southend Airport".