Published on : Friday, October 20, 2017
After months of winding down with significant disruption, Monarch Airlines collapsed earlier this month. It was then closely followed by Air Berlin’s closure and Flybe saw issues with profitability.
Amongst all these, Stobart Aviation, which owns the regional carrier Stobart Air as well as Southend and Carlisle airports, is poised “to grow and create significant value”.
Southend airport, which was moribund until the Stobart Group invested more than £100m has seen a major increase in the passenger number by 25% to 610,492. But, putting into perspective, the airport handles lesser people in a year than what Heathrow does in three days. However, the Stobart Air, with its new route to Antwerp is moving forward with steady steps.
Stobart Group says its airline and airports will deliver “significant value”.
In this volatile time for the airlines, it is just the take of time to prove how strong this airline would go.