Operations, using a single Britten-Norman Islander, began in August 1970. Both flights originated from Dublin Airport (DUB). Lucy Winterborne of EY’s Restructuring team were appointed joint administrators it expected temporary lay-offs would be required as a result of the measures. He flies the Chipmunk for the Irish Historic Flight Foundation (IHFF). Curiously, though, with the backing of Virgin Atlantic-led consortium, this should not have happened. Connect Airways subsidiary Stobart Air seemingly continues to operate. Under the plan, in return for the £55m loan DBay will increase its stake in Eddie Stobart … Starting from 2020, Flybe will now officially be known as Virgin Connect. “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. Europe’s largest regional airline Flybe has gone into administration. note] can no longer commit to continued financial support.”. The move into administration is linked to the collapse of FlyBe, which was also owned by Connect Airways. Connect Airways owns 49% of Stobart Air (the rest is employee owned). E ddie Stobart has put administrators on red alert amid fears the trucking company could collapse in a matter of days. As of 2015 it still used Islander aircraft. Mark became the Chairman of the National Microlight Association of Ireland (NMAI) in 2013 and has overseen a massive growth in the organisation. Accountancy firm EY has been appointed as administrator and now controls Connect Airways who owns 49% of Stobart Air. 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. Stobart Group stressed that Flybe’s administration would not have a direct impact on Stobart Air’s ability to trade. UK Stobart Group, Virgin Travel Group and Cyrus Equity Partners. Flybe becomes Virgin Connect; a move crucial for Virgin Atlantic, Government to not provide loan to Flybe: reports. The other 51pc of Stobart Air is owned by its more than 400 staff. The Emergency Aeromedical Service (EAS) is a helicopter-based medical evacuation and air ambulance service based in Athlone. The company said that What would Flybe collapse mean for the United Kingdom. Stobart Air, operator of Aer Photo: Getty The airline was looking a £100m loan. “As a result, the non-cash balance sheet impact on Stobart Group is £43.3m and the additional £7m investment made in 2020. 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 is 30pc-owned by the listed UK Stobart Group. statement, Aer Lingus said that it had been informed by Stobart that it will 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. COVID-19 outbreak. However, the year began with rumors of an imminent collapse at the airline once again. A global provider of aviation staffing solutions. Connect Airways itself has a complex ownership structure involving On 27-Apr-2020, Stobart Group reached an agreement with EY, the administrators of Connect Airways, to acquire Stobart Air and Propius Holdings Ltd. 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 stated the administration of Connect Airways did not directly impact the operation of Stobart Air services. "Stobart Air … We'll assume you're ok with this, but you can opt-out if you wish. 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. 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 remaining 51% is owned by more These cookies will be stored in your browser only with your consent. 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. 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. 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. Stobart Air are not in administration - it’s just the holding company Connect, which is now unnecessary since the demise of Flybe. If you are interested in an engineering career with Stobart Air, email your CV to human.resources@stobartair.com. Its franchise partner and Connect Airways subsidiary, is seemingly, continuing to operate. These cookies do not store any personal information. Its franchised Aer Lingus routes continue to operate as normal. 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. In this role he has worked at local and national levels. The regulator advised passengers not to go to the airport as the flights will not be operating. ... All Flybe flights, and those operated by Stobart Air, are cancelled." 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. 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. Mark Dwyer Mark is an airline pilot flying the Boeing 737 for a major European airline. Stobart Air continue to fly, as normal. Focused on developments in European aviation news. This website uses cookies to improve your experience while you navigate through the website. Breaking news and analysis on aviation industry. In a statement to In a further blow to the airline, The suspension, which will remain in effect until further notice, 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. This is a fall from a profit of €88m in the same period of the previous year. The remaining 51% is owned by more than 400 of the airlines’ staff. The board of Stobart Group said it … 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. If you enjoy reading www.flyinginireland.com, please consider donating to help keep this website online. by Mark Dwyer. Flybe has folded. So, why did it and why was Flybe saved by the British government? Your e-mail address is only used to send you our newsletter and information about the activities of FlyingInIreland.com. The airline which was acquired by the Connect Airways consortium, comprising Cyrus Capital Partners, Stobart Air and Virgin Atlantic, has collapsed. Both flights originated from Dublin Airport (DUB). The rebranding, which was hinted since the Connect Airways consortium purchased the regional airline, and the partnership, secured crucial growth opportunities for Virgin Atlantic. Flybe enters administration: Stobart Air to continue? Also, all flights operated by Stobart Air are canceled. 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. Virgin Travel Group, a subsidiary of Virgin Atlantic, also has a 30pc stake, while US firm Cyrus Equity Partners owns 40pc. A few hours later, as the last Flybe flights landed at their destinations, the company entered administration. It is mandatory to procure user consent prior to running these cookies on your website. 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. Aviation to biomass energy group Stobart has raised £100m through a share placing after announcing an annual pre-tax loss of £158m. In a (PSO) routes from Dublin to Kerry and Donegal will continue to operate. Stobart Group stressed that Flybe’s administration would not have a direct impact on Stobart Air’s ability to trade. The Stobart Air and Propius businesses had continued to operate independently within Connect and were, therefore, unaffected by the Flybe administration. UK Civil Aviation Authority confirmed Flybe has entered administration. This was done shortly before the FlyBe acquisition. 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. Fully managed roadshow services and recruitment events. 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. The statment added: “Flybe was a valued airline partner and we are saddened for all those passengers and staff affected today. 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. We also use third-party cookies that help us analyze and understand how you use this website. 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. 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 subsidiary Stobart Air seemingly continues to operate. 4. than 400 of the airlines’ staff. 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 … 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. Connect has no day-to-day trading operations itself.”, Stobart Air said in a statement: “The administration of 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’ 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. But opting out of some of these cookies may affect your browsing experience. 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. The other 51pc of Stobart Air is owned by its more than 400 staff. This is a major investment for the business and as part of this agreement, Stobart Group plc will change its name from March 2021. 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. The Public Service Obligation Stobart Air's Employee Benefit Trust (EBT) controls 60% of the voting rights and Connect Airways controls 40%. Please check your email and confirm subscription. The administration means that accountancy firm EY now controls Connect and 49pc of Stobart Air. 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. Outside of commercial flying Mark enjoys flying light aircraft from the smallest 3 Axis microlights up to heavier singles. Neither Stobart Air nor Propius are currently in administration, Stobart Group said. Connect Airways does not directly impact the operation of Stobart Air services.”. Cadet training programs for type and non-type rated pilots. Dublin based AerCap has announced thats its President and Chief Commercial Officer, Philip Scruggs will retire from his position in March. 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. airline Flybe. The administration means that accountancy firm EY now controls Connect and 49pc of Stobart Air. 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. Stobart Air is one of Europe’s leading franchise, ACMI and charter aviation specialists, operating flights in countries throughout Europe. Eight ATR aircraft of Connect Airways Limited on March 10, 2020,” it said. the Irish Independent, EY said: “Alan Hudson, Joanne Robinson, Simon Edel and Unlike Flybe, Stobart Air is not a wholly owned subsidiary of Connect Airways. 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. As such Stobart Air's ongoing ability to trade is not directly impacted by the decision to place Flybe Limited into administration. 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