PPRuNe Forums - Stobart Air-2

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Quote:

Originally Posted by JSCL (Post 10920027)

I'm not so sure on this one personally. The CRJ900 will likely have performance issues out of some of the shorter runways such as BHD in wet conditions and if they're talking about E Jets, then maybe but this would be driving up the operating costs of routes which are efficiently served by props.

I imagine XFly will be after the work with SAS reducing ATR aircraft count. But the reality is, there's such an abundance of readily available 72-600's in the leasing market that it could be anyone's game if they are prepared to take on the fleet type.

I think most of the CRJS are spoken for, working with SAS? IIRC SAS might even own/lease these and lease them to CityJet? Originally EI were involved in the Proprious leasing deal, but later sold their stake. I wonder if they still have any call to the aircraft, if the EIR contract were to be retendered? Im not sure that EI are necessarily married to the ATR either. It is almost ideal for the routes they are using it on, but EIR was set-up using the ATR because that is what Aer Arann had at the time. Which also raises the question about what are Stobart routes and what are EI ones? Is the franchise just the right to use the EI brand, marketing and systems? Would there be anything to stop Stoabrt operating the EIR route network under their own brand? Im not sure if it would be viable, which is another matter.

- PSO is not up for tender, that is won by Stobart but flown as EI Franchise..
- EI Franchise is up for tender..

This is not a straight forward wet lease... their is commercial risk on the operator... I would think twice on it... but maybe 50% loss is better as a 100% loss...

Stobart Group has been forced into a defence mode statement saying they are still solvent after the (rumoured) loss of the of the Regional flying contract.

Stating too that the Directors stand by their recent assessment from 5.11.20 that the business is a going concern.

The numbers & liabilities appear very "interesting" however.

Its not a rumour, they have been told so by Aer Lingus.
Following info from Travel Weekly.
Stobart Air has been told that it will no longer run regional services for Aer Lingus.
The Irish carrier informed parent company and Southend airport owner Stobart Group that Stobert Air is not the preferred supplier for a new commercial deal which would have started in January 2023.
Stobart Air will continue to operate the Aer Lingus franchise until that time.

Quote:

Originally Posted by TartinTon (Post 10898059)

I'm sure it did but I'm assuming that the additional positioning in/out costs every week weren't insignificant....

The first year CF did very well crewing the flights from IBZ,AGP,PMI etc, positioning crews out to via LCY. The following year they crewed the flights via taxi to BRS,BHX. This was the down fall. Loads of delays due to traffic and delayed Taxi’s. A days flying followed by a long taxi back to LCY. Increased fatigue and sickness.

Quote:

Stobart Group still intends to divest its regional operator Stobart Air by the end of the financial year, despite Irish carrier Aer Lingus’s deciding not to renew a franchise agreement with the company.

Aer Lingus has been using Stobart Air for regional connections for several years and Stobart Group had aimed to enhance the attractiveness of the carrier to a potential buyer by sealing a long-term agreement with Aer Lingus beyond 2022.

Quote:

Brady states that Stobart Air can “enter negotiations” with Aer Lingus’s chosen franchisee given the “anticipated interest” in the Stobart fleet of ATR turboprops. Stobart Group has a right to break early from its lease agreement of eight ATRs in April 2023, if it is not awarded the franchise deal. This would cost the group $21.2 million, plus finance and maintenance fees.

Stobart Group points out that its investments in Stobart Air and Propius are fully written down. It states that Stobart Air will continue to provide a “high-quality service” to Aer Lingus for the remainder of the franchise term. “It is well placed to build on eight years of reliable, customer focused connectivity between Ireland and the UK and utilise its European air operator’s certificate to operate out of Ireland and seek further franchise or independent flying arrangements,” the group adds.

https://www.flightglobal.com/airline...141139.article

That makes sense with Emerald Airlines might buy Stobart Air

Quote:

“Emerald Airlines looks forward to these negotiations in the coming weeks with a view to concluding a binding contract and progressing with our ambitious plan to roll out a fleet of 15-plus ATR72 Aer Lingus-branded aircraft from Dublin, Belfast, Cork and Shannon,” he said.

https://www.irishtimes.com/business/...ines-1.4409692