Stobart spends £42m on aircraft
Cumbria-based Stobart Group’s aircraft leasing business Propius is to buy three Embraer E195 jet aircraft on a lease agreement with airline Flybe for £42m.
Propius will purchase the aircraft from German company GOAL Verwaltungsgesellschaft mbH & Co.
The aircraft will continue to be leased to Flybe until the second half of 2018 with an estimated total lease income up to that date of £7m.
Stobart says says the deal will allow Stobart Group's Aviation Division to immediately enhance its asset base for a relatively low ca... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
