Visit Florida
http://admin.travelmole.com/images/stories/2009/images/stobartAir.jpg

Published on Wednesday, April 21, 2021

Isle of Man startup to acquire Stobart Air



Aer Lingus regional operator Stobart Air is being acquired by Isle of Man-based company Ettyl Ltd.


Ettyl is also purchasing the Carlisle Lake District Airport as part of the deal with current majority owner Esken Limited.


Transport and energy group Esken is also the owner of London Southend Airport.


The value of the transaction has not been disclosed but is expected to complete by May.


Stobart Air will continue its contract serving Aer Lingus regional routes though the end of 2022 when the current contract expires.





Stobart Air has held the Aer Lingus regional contract for a decade.


Ettyl said it plans to retain all staff at Stobart Air and the airport.


"Stobart Air is pleased that this transaction is now concluded and a new owner of the airline is in place," a company statement said.


"This transaction is a significant testament to, and endorsement of, the value Ettyl see in our airline."


Ettyl Chief Executive officer Jason Scales said further announcements regarding's the company's plans for the airline and airport will be announced in the coming months.

Story Image



Your Comments

, be the first to post a comment.
Your email:






Email other comments made to this story


NOTE: Comments are subject to admin approval before being posted.
Mole Poll
Do you expect an 'avalanche' of orders this week ?



LATEST 'MOLE VIDEOS

We talk to TravelUNI about their recent Travel Agency Research

Two homeworking agents - how have they handled the Pandemic?

Alexis Peppis tells us all there is to know about Tiqets

TravelMole's Graham McKenzie talks with Micheal Ros, Hotel Booking disruptor Bidroom

Jerad Bachar of Pittsburgh about the future of city tourism

UPCOMING EVENTS
\m