Stobart Air to appoint liquidator after net liabilities triple to €68.5m

Regional carrier for Aer Lingus says turnover plummeted 73 per cent from normal levels due to Covid travel restrictions

13th June, 2021
Stobart Air to appoint liquidator after net liabilities triple to €68.5m
Stobart operated 11 routes from Dublin and Belfast airports to a range of regional airports across Ireland and Britain. Picture:

Stobart Air, the regional aviation operator, is to appoint a liquidator to wind up the company after net liabilities more than tripled to €68.5 million over the last year.

The airline, which operates all regional flights for Aer Lingus, said it recorded a loss after tax of almost €37 million in 2020 as turnover plunged 73 per cent from normal levels due to Covid-19 related restrictions on air travel.

The airline informed its staff and Aer Lingus...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

Turnover halved at Charlie Chawke’s Milltown Inns group last year

Banks at a ‘competitive disadvantage’ due to salary cap, says Francesca McDonagh

Waterford Whisky makes €2.8m from new range of whiskies