London Southend Airport owner Stobart Group has announced it has successfully raised £140m and will now invest tens of millions over the coming years to put in place an enhanced passenger experience to deliver customer confidence in a post-COVID world. The Airport has already been named one of ...

Stobart Group, the aviation and energy group, has reached agreement with EY, the administrators of Connect Airways Limited ("Connect"), to acquire Stobart Air and Propius (the "Transaction"), the terms of which are set out below. Background to the Transaction Propius is an aircraft leasing bu...

Stobart Group has received a £700m approach to buy a stake in Southend Airport - even as the crisis engulfing Britain's aviation industry deepens. AviAlliance, the German-based company which operates airports in Athens, Budapest and Puerto Rico, has tabled a proposal to acquire a 25pc stake i...

Global safety company, MSA Safety, has partnered with Flybe - the largest independent regional airline in Europe - to provide safety equipment across multiple UK sites. This equipment will help to safeguard aviation engineers while they work at height. Flybe approached MSA Safety to provide a co...

The board of Connect Airways - the company jointly owned by Virgin Atlantic, Stobart Group and funds managed by Cyrus Capital Partners has appointed Mark Anderson as chief executive officer (CEO) of Connect Airways. Connect Airways will acquire management control over Flybe once merger clearance...

Flybe has received the first £10 million in funding as part of its takeover by the Connect Airways - a  consortium led by Virgin Atlantic and Stobart Group and also includes Cyrus Capital Partners. The cash is needed to maintain the operations of Flybe until the takeover can be completed. Flyb...

Stobart Group yesterday (16 January) celebrated 10 years since it acquired London Southend Airport (LSA) and said it is looking to further grow and expand the airport. More than 50 people representing local and regional businesses, along with key stakeholders, were amongst those attending the eve...

Cash-strapped regional carrier Flybe is being bought for £2.2 million by a consortium including Virgin Atlantic and the Stobart Group. Shareholders in Flybe will receive 1p a share, while the consortium, which also includes venture capital firm Cyrus, will inject £100 million into the airline. ...