Stobart Air stated the administration of Connect Airways did not directly impact the operation of Stobart Air services. The remaining 51% is owned by more than 400 of the airlines’ staff. He flies the Chipmunk for the Irish Historic Flight Foundation (IHFF). Connect has no day-to-day trading operations itself.”, Stobart Air said in a statement: “The administration of Stobart Air continue to fly, as normal. Neither Stobart Air nor Propius are currently in administration, Stobart Group said. You can always use the unsubscribe link included in the newsletter. Stobart Air, operator of Aer its holding company Connect Airways, has entered into administration in the UK. Flybe has gone into administration in a crushing blow to its 2,000 workers and thousands living in remote communities across the UK. The ailing regional airline, Flybe, was finally put to rest: the company announced that it has entered administration and ceased trading with immediate effect. The consortium purchased the regional carrier in early-2019 for a measly $3.6 million (£2.8 million).eval(ez_write_tag([[320,100],'aerotime_aero-box-3','ezslot_9',112,'0','0'])); With the European Union’s approval in July 2019, it seemed like the airline’s woes were over. Cadet training programs for type and non-type rated pilots. Stobart Group is buying the carrier and leasing company from EY, which is acting as administrator to Connect Airways, the parent company of Dublin based Stobart Air. The suspension, which will remain in effect until further notice, The board of Stobart Group said it … Connect Airways itself has a complex ownership structure involving The cabin in the ATR aircraft is … Earlier this month, Stobart Group was forced to "write down" £50 million when Flybe slumped into administration. But opting out of some of these cookies may affect your browsing experience. The deal to fly on behalf of Aer Lingus runs until 2022 and the future of this deal will be seen a crucial in the future of Stobart Air. Connect Airways subsidiary Stobart Air seemingly continues to operate. Philip Scruggs, President of AerCap to Retire ... See MoreSee Less, Philip Scruggs, President of AerCap to Retire, Share on FacebookShare on TwitterShare on Linked InShare by Email, Ryanair Reports €306m Loss as January Traffic is Down 88% ... See MoreSee Less, Ryanair Reports €306m Loss as January Traffic is Down 88%, Video: Irish Air Corps 112 ... See MoreSee Less. This category only includes cookies that ensures basic functionalities and security features of the website. (PSO) routes from Dublin to Kerry and Donegal will continue to operate. “Owned by a consortium of companies, Connect is a holding Your e-mail address is only used to send you our newsletter and information about the activities of FlyingInIreland.com. If you are interested in an engineering career with Stobart Air, email your CV to human.resources@stobartair.com. The deal to fly on behalf of Aer Lingus runs until 2022 and the future of this deal will be seen a crucial in the future of Stobart Air. Necessary cookies are absolutely essential for the website to function properly. Both flights originated from Dublin Airport (DUB). Mark became the Chairman of the National Microlight Association of Ireland (NMAI) in 2013 and has overseen a massive growth in the organisation. Lingus Regional flights, will suspend all international flights next Saturday The board of Aer Lingus Regional operator Stobart Air is locked in crunch talks with financial advisers, thrashing out options to save the business, the Irish Independent has learned. Mark Dwyer Mark is an airline pilot flying the Boeing 737 for a major European airline. Stobart Air itself did not go into administration, and in mid-April Stobart Group announced that it was "reviewing all options" with the administrators, including the possibility of buying back Stobart Air and its sister company Propius Leasing, believing that the two companies have a viable future after the pandemic. Aviation to biomass energy group Stobart has raised £100m through a share placing after announcing an annual pre-tax loss of £158m. contacted by the airline to advise them of their options. The administration means that accountancy firm EY now controls Connect and 49pc of Stobart Air. So, why did it and why was Flybe saved by the British government? We are an established partner of world-renowned international airline Aer Lingus, operating its busy Aer Lingus Regional service from Dublin, Cork, Donegal and Kerry. Stobart Air operates flights under the Aer Lingus Regional brand and previously operated some services on behalf of FlyBe in the UK which entered administration and ceased flying on 5th March. On 27-Apr-2020, Stobart Group reached an agreement with EY, the administrators of Connect Airways, to acquire Stobart Air and Propius Holdings Ltd. What would Flybe collapse mean for the United Kingdom. Flybe has folded. A few hours later, as the last Flybe flights landed at their destinations, the company entered administration. This is a major investment for the business and as part of this agreement, Stobart Group plc will change its name from March 2021. As of 2015 it still used Islander aircraft. If the lawmakers decide not to cut Air Passenger Duty (APD) tax, the airline might become insolvent in the coming months, reports indicate. Connect Airways’ executives pleaded with the newly-elected British government to provide a care package for the airline, including a $128 million (£100 million) commercial loan and possible cuts to the Air Passenger Duty (APD) tax, which was seen as detrimental to the carrier.eval(ez_write_tag([[320,50],'aerotime_aero-medrectangle-3','ezslot_7',142,'0','0']));eval(ez_write_tag([[320,50],'aerotime_aero-medrectangle-3','ezslot_8',142,'0','1'])); While the possible support package was publicly criticized by other airline executives, Connect Airways’ own CEO Mark Anderson warned British lawmakers that if the carrier were to cease operations, regional connectivity would be threatened. Both flights originated from Dublin Airport (DUB). This service has since been moved to the less distant Connemara Airport and operates as "Aer Arann Islands". In a further blow to the airline, Flybe is seemingly on the brink of collapse, as the British government reportedly will refuse to provide a $128 million (£100 million) loan to the regional airline. The airline, which specializes in franchise and ACMI operations, has not indicated that Flybe’s collapse would impact its operations in any way.eval(ez_write_tag([[300,250],'aerotime_aero-box-4','ezslot_3',134,'0','0']));eval(ez_write_tag([[300,250],'aerotime_aero-box-4','ezslot_4',134,'0','1'])); Stobart Air spokesperson stated to AeroTime News its Flybe franchise services in the United Kingdom have ceased operating with immediate effect. COVID-19 outbreak. The latest set of troubles that eventually led to the downfall of Flybe began in late-2018, when the company put itself up for sale, as losses continued to mount. Stobart Group stressed that Flybe’s administration would not have a direct impact on Stobart Air’s ability to trade. Curiously, though, with the backing of Virgin Atlantic-led consortium, this should not have happened. 28th March. company that was set up in January 2019 to assist with the acquisition of the Operations, using a single Britten-Norman Islander, began in August 1970. Flybe enters administration: Stobart Air to continue? Local media reports indicated that while Flybe had enough capital to run until the end of March 2020, if the APD tax cut was not granted, that would be all she wrote for the regional airline.eval(ez_write_tag([[300,250],'aerotime_aero-medrectangle-4','ezslot_1',113,'0','0'])); On March 4, 2020, reports surfaced that the government would not provide the commercial loan, putting the carrier’s future at risk. than 400 of the airlines’ staff. The remaining 51% is owned by more In a statement to This was done shortly before the FlyBe acquisition. E ddie Stobart has put administrators on red alert amid fears the trucking company could collapse in a matter of days. Virgin Travel Group, a subsidiary of Virgin Atlantic, also has a 30pc stake, while US firm Cyrus Equity Partners owns 40pc. UK Stobart Group, Virgin Travel Group and Cyrus Equity Partners. Aer Arann was established in 1970 by James Coen and Ralph Langan to provide an island-hopping air service between Galway and the Aran Islands off the west coast of Ireland. cease some of its operations from Wednesday and that passengers would be It means the company will avoid breaking its banking agreements and will not face administration. Please check your email and confirm subscription. In 2015, Mark won ‘Upcoming Aviation Professional Award’ at the Aviation Industry Awards sponsored by the IAA. Administration means that the accountancy firm Ernst & Young Global Limited (EY) now controls Connect and 49% of Stobart Air, the remaining 51% of which is owned by its employees. Its franchise partner and Connect Airways subsidiary, is seemingly, continuing to operate. Lucy Winterborne of EY’s Restructuring team were appointed joint administrators Stobart Air Lose out on Aer Lingus Regional Franchise, Knock Expects Passengers Figures to be Down 75% for the Year, Aer Lingus Regional to Base Five Aircraft in Belfast, Aer Lingus and Stobart Air Announce Restart of Some Routes as Staff Cuts Kick In. The airline is already operating a reduced international timetable. This website uses cookies to improve your experience. These cookies will be stored in your browser only with your consent. 4. The other 51pc of Stobart Air is owned by its more than 400 staff. The move into administration is linked to the collapse of FlyBe, which was also owned by Connect Airways. The key moments that led to Flybe's administration All Flybe flights and those operated by sister airline Stobart Air have been cancelled, the Civil Aviation Authority said in … Eight ATR aircraft Connect Airways who owns 49% of Stobart Air. by Mark Dwyer. The Stobart Air and Propius businesses had continued to operate independently within Connect and were, therefore, unaffected by the Flybe administration. the Irish Independent, EY said: “Alan Hudson, Joanne Robinson, Simon Edel and Stobart Air's Employee Benefit Trust (EBT) controls 60% of the voting rights and Connect Airways controls 40%. Under the plan, in return for the £55m loan DBay will increase its stake in Eddie Stobart … The biggest aviation conference and awards in the region. Stobart Air to Cease International Flights as Parent goes into Administration Stobart Air, operator of Aer Lingus Regional flights, will suspend all international flights next Saturday 28th March. However, the year began with rumors of an imminent collapse at the airline once again. On 27-Apr-2020, Stobart Group reached an agreement with EY, the administrators of Connect Airways, to acquire Stobart Air and Propius Holdings Ltd. Tags: Connect Airways, FlyBe, Stobart Air. A hero of the day appeared: a Virgin Atlantic-led consortium named Connect Airways, which also consisted of Stobart Aviation and Cyrus Capital Partners, a company that presented itself as an “investment adviser." statement, Aer Lingus said that it had been informed by Stobart that it will Focused on developments in European aviation news. Stobart Air, which is partially owned by the Stobart Group, part of the consortium that took over FlyBe last year, confirmed it would stop operating routes from the Isle of Man, Belfast, Edinburgh and London Southend for FlyBe. Flightradar24.com data indicates that two aircraft, an ATR 72 registered EI-FSL and an Embraer E190 registered EI-GHK, operated flights to Glasgow (GLA) and Edinburgh, Scotland (EDI) in the early morning hours of March 5, 2020. The company said that Breaking news and analysis on aviation industry. Flightradar24.com data indicates that two aircraft, an ATR 72 registered EI-FSL and an Embraer E190 registered EI-GHK, operated flights to Glasgow (GLA) and Edinburgh, Scotland (EDI) in the early morning hours of March 5, 2020. Connect Airways does not directly impact the operation of Stobart Air services.”. Unlike Flybe, Stobart Air is not a wholly owned subsidiary of Connect Airways. He will be replaced in the Chief Commercial Officer role by P... Ryanair announced a third Quarter loss of €306m in the three months to the end of December. The airline which was acquired by the Connect Airways consortium, comprising Cyrus Capital Partners, Stobart Air and Virgin Atlantic, has collapsed. The other 51pc of Stobart Air is owned by its more … Stobart Group is buying the carrier and leasing company from EY, which is acting as administrator to Connect Airways, the parent company of Dublin based Stobart Air. Europe’s largest regional airline Flybe has gone into administration. Brand update Eddie Stobart Logistics has today announced the acquisition of the “Eddie Stobart” and “Stobart” brands from the Stobart Group. “As a result, the non-cash balance sheet impact on Stobart Group is £43.3m and the additional £7m investment made in 2020. Aer Lingus Regional services, operated in conjunction with our partner Stobart Air carry over 1 million passengers each year on lower demand routes between Ireland and the United Kingdom and France using ATR turboprop aircraft. Stobart Air is always looking for motivated, competent and responsible employees who are ready to give our customers the best service possible in the air and on the ground. Starting from 2020, Flybe will now officially be known as Virgin Connect. The Emergency Aeromedical Service (EAS) is a helicopter-based medical evacuation and air ambulance service based in Athlone. The reopening of Gulf states’ airspaces to Qatar would cut Qatar Airways costs by $1.2 billion.... Austria’s plan to set a €40-minimum airfare, that places low-cost carriers against traditional airlines, rais... AeroTime Hub is the digital gateway to people of aviation. airline Flybe. Virgin Atlantic issued a public statement, indicating that “despite the efforts of all involved,” the impact of the breakout of the coronavirus “means that the consortium [Connect Airways – ed. Connect Airways, the holding company behind Dublin-based Stobart Air, which operates the Aer Lingus Regional service, has fallen into administration in the UK, the Irish Independent has learned. A global provider of aviation staffing solutions. Mark launched this website back in 2002 while always managing the website, he has also been Editor and Deputy Editor of FlyingInIreland Magazine from 2005 to 2015. This website uses cookies to improve your experience while you navigate through the website. Accountancy firm EY has been appointed as administrator and now controls The move into administration is linked to the The regulator advised passengers not to go to the airport as the flights will not be operating. Flybe becomes Virgin Connect; a move crucial for Virgin Atlantic, Government to not provide loan to Flybe: reports. Dublin based AerCap has announced thats its President and Chief Commercial Officer, Philip Scruggs will retire from his position in March. In a Also, all flights operated by Stobart Air are canceled. Interesting developments concluded this week, as Flybe was on the brink of collapse. The administration means that accountancy firm EY now controls Connect and 49pc of Stobart Air. Photo: Getty The airline was looking a £100m loan. Flybe has suspended all operations and has formally entered into administration. Its franchised Aer Lingus routes continue to operate as normal. If you enjoy reading www.flyinginireland.com, please consider donating to help keep this website online. As such Stobart Air's ongoing ability to trade is not directly impacted by the decision to place Flybe Limited into administration. operated by Stobart Air are owned by subsidiary of Stobart Group, Propius. For a few months, the carrier’s operations stabilized and it operated successfully for the rest of 2019 before the big rebranding was supposed to be completed in 2020. We'll assume you're ok with this, but you can opt-out if you wish. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The Stobart Air and Propius businesses had continued to operate independently within Connect and were, therefore, unaffected by the Flybe administration. The rebranding, which was hinted since the Connect Airways consortium purchased the regional airline, and the partnership, secured crucial growth opportunities for Virgin Atlantic. UK Civil Aviation Authority confirmed Flybe has entered administration. collapse of FlyBe, which was also owned by Connect Airways. Commenting on the investment, the group said: “Stobart Group’s initial investment was made up through the sale of Stobart Air and its aircraft leasing business, Propius. He is also an instructor and EASA Examiner on single engines and a UK CAA Examiner. Stobart Group stressed that Flybe’s administration would not have a direct impact on Stobart Air’s ability to trade. Outside of commercial flying Mark enjoys flying light aircraft from the smallest 3 Axis microlights up to heavier singles. Connect Airways … Connect Airways is 30pc-owned by the listed UK Stobart Group. "Stobart Air … Stobart Air stated the administration of Connect Airways did not directly impact the operation of Stobart Air services. it expected temporary lay-offs would be required as a result of the measures. Even though Stobart Group’s CEO, Warwick Brady previously said to investors that it was evaluating how to manage liabilities, the administration situation now means that the company is under firm arm regarding its guarantee of aircraft leases by US$15.4m per year in a lapse of ten years. Connect Airways subsidiary Stobart Air seemingly continues to operate. “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 says in a stock market statement, noting Stobart Air or Propius are not themselves currently in administration. Stobart Air operates flights under the Aer Lingus Regional brand and previously operated some services on behalf of FlyBe in the UK which entered administration and ceased flying on 5th March. The statment added: “Flybe was a valued airline partner and we are saddened for all those passengers and staff affected today. Published on March 24th, 2020 | The administration means that accountancy firm EY now controls Connect and 49pc of Stobart Air. ... All Flybe flights, and those operated by Stobart Air, are cancelled." That view was further strengthened when Virgin Atlantic announced that Flybe would be rebranded to Virgin Connect, essentially confirming that the purple-colored airline would become a feeder for Virgin Atlantic’s international network. It was part of the Connect Airways consortium – which also includes Virgin Atlantic and Cyrus Capital – which completed its takeover of Flybe last year and ploughed around £135m to keep it in the air. Accountancy firm EY has been appointed as administrator and now controls Connect Airways who owns 49% of Stobart Air. Connect Airways owns 49% of Stobart Air (the rest is employee owned). It means the company will avoid breaking its banking agreements and will not face administration. These cookies do not store any personal information. We also use third-party cookies that help us analyze and understand how you use this website. The vote offers a short-term reprieve for Eddie Stobart’s 6,500 workers, who had faced the prospect of a collapse into administration shortly before Christmas. It is mandatory to procure user consent prior to running these cookies on your website. Stobart Air is one of Europe’s leading franchise, ACMI and charter aviation specialists, operating flights in countries throughout Europe. The Public Service Obligation Irish Aviation Authority Conference Centre. (BE, Exeter), fell into administration in the UK on March 18, the Irish Independent has reported. The Stobart Group in turn owns 30% of Connect Airways. Flybe, the airline that had recently had two close calls regarding insolvency, had its final call: the now-former largest regional carrier in Europe entered administration and has ceased trading with immediate effect on March 5, 2020. The other 51pc of Stobart Air is owned by its more than 400 staff. In this role he has worked at local and national levels. In addition he is also a Type Rating Instructor, Type Rating Examiner and Base Training Captain on the B737. Stobart Air are not in administration - it’s just the holding company Connect, which is now unnecessary since the demise of Flybe. note] can no longer commit to continued financial support.”. has come about due to an unprecedented drop in demand as a result of the Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Operated since 2012 by the Irish Air Corps and National Ambulance Service u... New North Atlantic Organised Track Structure Trial, Regional Airports Programme 2021-2025 Published. This is a fall from a profit of €88m in the same period of the previous year. Fully managed roadshow services and recruitment events. of Connect Airways Limited on March 10, 2020,” it said. However, the agreement could end in 2023. You also have the option to opt-out of these cookies. Operations ceased at 11 p.m. local time on Mar. 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