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
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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