• Welcome to the ShrimperZone forums.
    You are currently viewing our boards as a guest which only gives you limited access.

    Existing Users:.
    Please log-in using your existing username and password. If you have any problems, please see below.

    New Users:
    Join our free community now and gain access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features. Registration is fast, simple and free. Click here to join.

    Fans from other clubs
    We welcome and appreciate supporters from other clubs who wish to engage in sensible discussion. Please feel free to join as above but understand that this is a moderated site and those who cannot play nicely will be quickly removed.

    Assistance Required
    For help with the registration process or accessing your account, please send a note using the Contact us link in the footer, please include your account name. We can then provide you with a new password and verification to get you on the site.

Southend Airport & Aer Arann

Kent Shrimper

Mike Reid
Joined
May 27, 2004
Messages
6,910
Location
Sevenoaks
http://www.stockmarketwire.com/display/?id=3974637&sectionId=standardNews

Transport and logistics group Stobart has reached a conditional five-year operating agreement with Aer Arann at London Southend Airport.

The Irish airline will start flights in March next year, with volumes expected to grow to 0.3m passengers annually.

Stobart will invest €2.5m to 'incentivise and market' Aer Arann's operation from Southend.

The group said it was receiving a growing number of enquiries for airfreight services and alignment with Aer Arann offered the potential to explore opportunities.

The deal would guarantee business and volume to underpin acceleration of Stobart's development plans for the airport. It would also help develop the group's business and brand in Ireland.

CEO Andrew Tinkler said, 'Although the agreement provides Stobart with a small stake in the form of a convertible preference share in Aer Arann, it does not signal that we are getting into the airline business and we would not be involved in the day-to-day management of Aer Arann.'

The offer is conditional on Aer Arann successfully exiting examinership, which it hopes to do before the end of the month. Story provided by StockMarketWire.com
 
Top