As part of move to optimise its balance sheet Stobart Air has opened a new base at Belfast City Airport and has put on sale routes to Edinburgh, Glasgow, Manchester, Birmingham, East Midlands and Leeds Bradford under its Aer Lingus franchise agreement.
The news came ahead of parent company Stobart Group socially distanced AGM and the firm warned that despite the progress the company has made to optimise its balance sheet “the operating environment remains challenging and costs are being closely monitored with steps being taken to conserve cash.
Stobart Group's overriding objective is to mitigate its financial exposure and we have commenced early discussions with potential partners around the long-term future of this business”.