Update on completion of sale of Stobart Air

RNS Number : 1135A

Esken Limited

28 May 2021

 

28 May 2021

Esken Limited

("Esken" or "the Group")

Update on completion of sale of Stobart Air and Carlisle Lake District Airport

Esken Limited ("Esken"), t he aviation and energy infrastructure group, today provides a further update regarding the sale of its entire  shareholdings in Stobart Air Unlimited Company (which operates regional flights under a franchise agreement for Aer Lingus) and Stobart Air (UK) Limited, the owner of Carlisle Lake District Airport to Ettyl Limited.

The sale, which was initially announced on 20 April 2021, is subject to certain change of control and bank facility consents that were expected in early May. Esken continues to expect the transaction to complete on the basis set out in the announcement made on 20 April 2021. Banking facility consent has been obtained. However, concluding the change of control consents is taking longer than was envisaged at the time of the announcement of the transaction.

Esken will provide a further update regarding the completion of this transaction in due course. 

Enquiries:

Esken Limited Charlie Geller, Communications Director C/O Tulchan Communications
Tulchan Communications  Olivia Peters/David Allchurch	020 7353 4200 [e-mail]

 

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