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: Rollingnews.ie

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...

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