Stobart Air-2
Join Date: Nov 2006
Location: Northern Ireland
Posts: 2,765
Likes: 0
Received 0 Likes
on
0 Posts
Join Date: Dec 2017
Location: Londonderry
Posts: 506
Likes: 0
Received 0 Likes
on
0 Posts
Join Date: Mar 2003
Location: Europe
Posts: 2,166
Likes: 0
Received 0 Likes
on
0 Posts
No I believe. Of the 3 they have one is at Great Dane and the other 2 are stored in SEN and will go to Flybe in early December to operate for them on LCY routes
So, what is the happening now with Stobart Air? According to this link:
https://www.investegate.co.uk/stobar...050705181138F/
Stobart Group have sold Stobart Air - this, along with the leasing firm, has knocked £50m out of their balance sheet.
Stobart Air is now owned by "Stobart Air's Employee Benefit Trust" - (what is this and who controls it?) and Connect Airways (of which Stobart Group own 30%)
The implication here is that the new routes planned from SEN will not operate - I always thought they were basically Stobart flights (designed to show the airports potential?), merely being sold through the BE front end. Certainly, there seemed to be some tension at times between what was happening at SEN and the mainline flights.
Since BE failed, the IOM and SEN ops have remained grounded, one EMB is on the deck at EDI, and the other is now flying for EI. The EIR operation is carrying on as normal - with this operation descibed as being 'insulated' from the BE failure.
Who is in control now, and where do STK go next?
https://www.investegate.co.uk/stobar...050705181138F/
Stobart Group's initial investment was made up through the sale of Stobart Air and its aircraft leasing business, Propius. As a result, the non-cash balance sheet impact on Stobart Group is £43.3m and the additional £7m investment made in 2020. The value of both these investments will now be written down to £nil on its balance sheet. The Group has also foregone deferred interest that it would have benefitted from in future periods. Stobart Group had not expected to receive a contribution from Connect Airways until after FY 2020.
Unlike Flybe, Stobart Air is not a wholly owned subsidiary of Connect Airways. Stobart Air's Employee Benefit Trust (EBT) controls 60% of the voting rights and Connect Airways controls 40%. As such Stobart Air's ongoing ability to trade is not directly impacted by the decision to place Flybe Limited into administration.
As a result of this news, London Southend Airport will see a short-term impact, with Flybe having planned to operate ten routes from the airport from Spring of this year. However, the long-term prospects of that airport remain compelling.
Since BE failed, the IOM and SEN ops have remained grounded, one EMB is on the deck at EDI, and the other is now flying for EI. The EIR operation is carrying on as normal - with this operation descibed as being 'insulated' from the BE failure.
Who is in control now, and where do STK go next?
Join Date: Jun 2006
Location: Planet no. 3
Posts: 108
Likes: 0
Received 0 Likes
on
0 Posts
This seems likely indeed. All pilots in SEN have had all their flights removed from their rosters. I can’t imagine the communication about this being good so I feel for them.
Join Date: May 2014
Location: Suffolk
Age: 68
Posts: 13
Likes: 0
Received 0 Likes
on
0 Posts
They appear to be training captains at stobart air https://www.stobartair.com/stobart-a...te-to-captain/
Join Date: Oct 2019
Location: London
Posts: 229
Likes: 0
Received 0 Likes
on
0 Posts
They appear to be training captains at stobart air https://www.stobartair.com/stobart-a...te-to-captain/
This was uploaded before Flybe’s demise hence the note to IOM/SEN
Join Date: May 2005
Location: U.K
Posts: 765
Likes: 0
Received 0 Likes
on
0 Posts
Would certainly make sense. They have the aircraft spare, handling contracts in place. One assumes that any operation would mirror the ORK set-up which is at Stobarts own commercial risk which may be a factor as Stobart a likely to be a little more risk averse at the moment.
Join Date: Jul 2017
Location: UK
Posts: 34
Likes: 0
Received 0 Likes
on
0 Posts
I do think there is a chance of Aer Lingus Regional operating the route although would suspect it might be Cityjet operated rather than Stobart operated as Cityjet operate the existing London City route to Dublin.
I think Stobart would be crazy to attempt to operate under their own brand at the moment, but an Aer Lingus franchise might work.
I'm hoping, probably unrealistically, for BA Cityflyer on the route as it would open up the possibility of onward connections at London City as well as one and done traffic. BA don't seem interested in having franchisees these days (I know there is Sun Air and Comair) although BA Cityflyer does sometimes get other airlines such as Stobart, Loganair and Eastern to operate flights for them.
Aer Lingus Regional wouldn't offer the same in the way of connections as I don't think the current Dublin to London City Aer Lingus Regional flights are offered for sale on the BA website although I could well be wrong about that. To me much of the Aer Lingus Regional model seems to be based on providing feed for connections via Dublin with the one and done traffic being a bit of an add on to this. There is no opportunity for traffic connecting in BHD.
I think Stobart would be crazy to attempt to operate under their own brand at the moment, but an Aer Lingus franchise might work.
I'm hoping, probably unrealistically, for BA Cityflyer on the route as it would open up the possibility of onward connections at London City as well as one and done traffic. BA don't seem interested in having franchisees these days (I know there is Sun Air and Comair) although BA Cityflyer does sometimes get other airlines such as Stobart, Loganair and Eastern to operate flights for them.
Aer Lingus Regional wouldn't offer the same in the way of connections as I don't think the current Dublin to London City Aer Lingus Regional flights are offered for sale on the BA website although I could well be wrong about that. To me much of the Aer Lingus Regional model seems to be based on providing feed for connections via Dublin with the one and done traffic being a bit of an add on to this. There is no opportunity for traffic connecting in BHD.
Join Date: Dec 2017
Location: Londonderry
Posts: 506
Likes: 0
Received 0 Likes
on
0 Posts
I do think there is a chance of Aer Lingus Regional operating the route although would suspect it might be Cityjet operated rather than Stobart operated as Cityjet operate the existing London City route to Dublin.
I think Stobart would be crazy to attempt to operate under their own brand at the moment, but an Aer Lingus franchise might work.
I'm hoping, probably unrealistically, for BA Cityflyer on the route as it would open up the possibility of onward connections at London City as well as one and done traffic. BA don't seem interested in having franchisees these days (I know there is Sun Air and Comair) although BA Cityflyer does sometimes get other airlines such as Stobart, Loganair and Eastern to operate flights for them.
Aer Lingus Regional wouldn't offer the same in the way of connections as I don't think the current Dublin to London City Aer Lingus Regional flights are offered for sale on the BA website although I could well be wrong about that. To me much of the Aer Lingus Regional model seems to be based on providing feed for connections via Dublin with the one and done traffic being a bit of an add on to this. There is no opportunity for traffic connecting in BHD.
I think Stobart would be crazy to attempt to operate under their own brand at the moment, but an Aer Lingus franchise might work.
I'm hoping, probably unrealistically, for BA Cityflyer on the route as it would open up the possibility of onward connections at London City as well as one and done traffic. BA don't seem interested in having franchisees these days (I know there is Sun Air and Comair) although BA Cityflyer does sometimes get other airlines such as Stobart, Loganair and Eastern to operate flights for them.
Aer Lingus Regional wouldn't offer the same in the way of connections as I don't think the current Dublin to London City Aer Lingus Regional flights are offered for sale on the BA website although I could well be wrong about that. To me much of the Aer Lingus Regional model seems to be based on providing feed for connections via Dublin with the one and done traffic being a bit of an add on to this. There is no opportunity for traffic connecting in BHD.
DUB-LCY with EI is bookable through BA’s website, came across it by accident a few days ago. 😀
Join Date: Nov 2009
Location: UK
Posts: 349
Likes: 0
Received 0 Likes
on
0 Posts
Join Date: Sep 2019
Location: Ireland
Posts: 122
Likes: 0
Received 0 Likes
on
0 Posts
Join Date: Mar 2018
Location: Europe
Posts: 21
Likes: 0
Received 0 Likes
on
0 Posts
