Flybe inks deal with Stobart Air

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Sharecast News | 02 May, 2017

Budget airline Flybe has inked a deal with Stobart Air, a subsidiary of Stobart Group, to provide two Embraer E195 aircraft under a combined commercial arrangement lasting up to 20 months subject to earlier termination options.

The two aircraft will be based at London Southend Airport.

Flybe will initially operate them on behalf of Stobart under a crewed "wet lease" arrangement migrating to Stobart operating the aircraft itself no later than 1 January 2018. The aircraft will be operated in Flybe branding under the existing Franchise Agreement between the two companies.

At 0930 BST, the shares were up 2.7% to 41.22p.

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