A few weeks ago, the Irish regional airline Stobart Air was sold to the Isle of Man-based Ettyl Ltd. proclaimed. This deal is apparently in jeopardy, because the current owner Esken issued a corresponding stock exchange announcement.
Accordingly, the financing is no longer available at Ettyl. The prospective buyer would hold intensive discussions with alternative sources of finance. Esken's board of directors is now examining the matter and, as a precautionary measure, announces that the deal could potentially burst. Aer Lingus, as the main client, must also agree to the upcoming change of control. The transaction would take longer to complete than originally communicated. It remains to be seen whether this will be able to take place at all.