Loganair (LM/LOG) and Stobart Air (RE/STK) are two airlines seeking help to weather the Coronivirus (COVID-19) Pandemic. Ireland-based Stobart Air is seeking protection from creditors, bankruptcy protection, from the Irish courts in a bid to prevent the airline being wound up while Scottish airline Loganair is seeking a bailout from [read more]
Sources close to regional airline Flybe (BE/BEE) have confirmed that the airline is in talks to try and secure additional finance to avoid a total collapse of the carrier just a year after it was bought Connect Airways Ltd. The Department of Transport (DoT) has been briefed on the situation [read more]
The Flybe brand will start to disappear form airports after the European Commission (EC) approved the takeover of its business by Connect Airways Ltd, a group led by Virgin Atlantic and Stobart Group. Flybe turned from a profitable regional airline into an airline on the verge of collapse under the [read more]
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