Stobart invests $12 million in FlybeChristian Fernsby ▼ | January 16, 2020
Stobart Group will provide 9 million pounds ($11.8 million) in funding for Flybe as part of the government rescue of the regional airline, the infrastructure group said today.
Air industry Flybe
Topics: Stobart Flybe
Stobart holds less than a one-third shareholding in the consortium, which has to date provided 110 million pounds in funds to Connect Airways.
“This resulted in a situation in which a further injection of funds is required to ensure continued flying,” Stobart said in a statement. ■