Stobart Group ponders move to buy back regional operator

Stobart Group is considering buying back Irish regional operator Stobart Air and lessor Propius from the administrators of Flybe parent, Connect Airways. Stobart originally sold the Irish regional operator and Propius in Feb 2019 to Connect Airways, a deal related to the creation of Connect Airways by Stobart Group’s aviation division, Virgin Atlantic and Cyrus Airways. Connect Airways went on to acquire the assets of Flybe, but the UK regional carrier was ultimately forced to cease operations earlier this year. “The company confirms that it is reviewing all options in relation to the future of Stobart Air and Propius during this unprecedented time including the possibility of acquiring the businesses from the administrators,” Stobart Group. <br/>