Carlisle Planning Approved

RNS Number : 2838J

Stobart Group Limited

03 August 2012

3 August 2012

Stobart Group Limited

("Stobart" or the "Company")

Carlisle Lake District Airport Planning Application Approved

Stobart announces that Carlisle City Council's development control committee has approved its planning application for the development of Carlisle Lake District Airport today which includes the erection of a 374,000 sq ft distribution centre and the raising and re-profiling of the main runway.

Andrew Tinkler, Stobart Group chief executive, said: "The decision is extremely positive for the people of Cumbria as it will drive the economy, boost tourism and safeguard over 800 direct and indirect jobs. The freight distribution centre will allow Eddie Stobart to attract new clients while providing the rental income required to develop Carlisle Airport and commence passenger operations. Additional Group revenue streams will be realised as we link Carlisle and Southend airports to give passengers seamless connections to Europe."

Ends.