PPRuNe Forums - View Single Post - SOUTHEND 5
Thread: SOUTHEND 5
View Single Post
Old 19th Oct 2016, 07:53
  #2992 (permalink)  
Barling Magna
 
Join Date: Sep 2007
Location: Essex
Posts: 1,109
Likes: 0
Received 0 Likes on 0 Posts
I'll be interested in EF's response too. Is it too straightforward to assume that because Stobart Air's credibility with its shareholders rests to some degree with its ability to achieve 2.5 million pax at SEN by 2018 the taking of a 66.6% ownership of Propius is intended to help this in some way? Owning 80% of Everdeal should allow Stobart Air to more effectively dictate new routes. I suspect that some of the previous investors aren't so sanguine about the prospect of new routes from SEN, so by taking over their shareholding Stobart has the leverage to go ahead......
Barling Magna is offline