Esken, the aviation and energy infrastructure group, has sold its entire shareholdings in Stobart Air Unlimited Company (SA) (which operates regional flights under a franchise agreement for Aer Lingus) and Stobart Air (UK), the owner of Carlisle Lake District Airport (CLD’) to Ettyl. The sale is subject to certain change of control and bank facility consents and is expected to complete by early May 2021. Esken took the decision in April 2020 to buy back its shareholding in SA and the aircraft leasing company Propius from the Administrator of Connect Airways to take control of various legacy guarantees and obligations

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