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Old 19th Apr 2021, 15:35
  #41 (permalink)  
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In an update to market Stobart state it is in "advanced discussions with Ettyl Ltd for the sale of its shareholding in Stobart Air & Carlisle Airport".

It added there can be no certainty an agreement will be reached or the transaction will conclude as it remains subject to contract matters and approvals.
southside bobby is offline  
Old 19th Apr 2021, 16:02
  #42 (permalink)  
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Esken are a publicly listed company so any announcement involving the disposal of Stobart Air would likely have to be timed alongside an RNS to the stock market.
Looks like someone spreading idle gossip, or if true then someone jumped the gun and is now back pedalling....Ooops!
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Old 19th Apr 2021, 16:04
  #43 (permalink)  
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Ettyl Limited acquires Stobart Air and Carlisle Lake District Airport Following Esken Limited’s announcement to the London Stock Exchange earlier today, Isle of Man-based Ettyl Limited (“Ettyl”) confirms it has signed agreements for its acquisition of Stobart Air and Carlisle Lake District Airport from Esken
Quoting post #37 above - presumably there was no such announcement?
SWBKCB is online now  
Old 19th Apr 2021, 17:09
  #44 (permalink)  
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Post 37 is a copy and paste captured from the Ettyl website prior to the content being removed
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Old 23rd Apr 2021, 21:46
  #45 (permalink)  
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The ESKEN media release issued at 07.00 on 20 April gives full details. Look in the INVESTOR section of their website and the item on 20 April marked DISPOSAL.Notification of Class 2 transaction - Sale of Stobart Air and Carlisle Lake District Airport

"Esken, the aviation and energy infrastructure group, announces that it has signed an agreement for the sale of its entire shareholdings in Stobart Air Unlimited Company ('SA') (which operates regional flights under a franchise agreement for Aer Lingus) and Stobart Air (UK) Limited, the owner of Carlisle Lake District Airport ('CLDA') to Ettyl Limited (Ettyl). The sale is subject to certain change of control and bank facility consents and is expected to complete by early May 2021."

There is a lot more detail in the lengthy media release.
sealegs is offline  
Old 26th Apr 2021, 14:57
  #46 (permalink)  
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And the CEO of Ettyl looks like a great guy too, zero understanding of aviation.. so hope he as an investor behind him... playing with others people money... he also has a nice history, one sided view from the guy that got "scammed": Jasonscalesfraud (
harriewillem is offline  
Old 26th Apr 2021, 18:03
  #47 (permalink)  
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That seems rather harsh, particularly given the history if you read back through this thread. For me, the jury's out on this one until proven either way - especially as the deal has to go through to begin with.
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Old 27th Apr 2021, 09:15
  #48 (permalink)  
Join Date: May 2002
Location: SW Scotland
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In fairness, Stellios had no experience of aviation when he launched Easyjet...

Ok, i'm not suggesting they are the new easyjet, but not every founder has had experience in the industry, and many of them have gone on to be a success, so I wouldnt read too much in to that. As long as he hires the right people to advise him, he might do ok.
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Old 27th Apr 2021, 10:36
  #49 (permalink)  
Join Date: May 2017
Location: Belfast
Posts: 555
The whole industry has been turned on its head so I'm in the waiting and see camp on this one.
Alteagod is online now  

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