Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksInternational Airlines Share News (IAG)

Share Price Information for International Airlines (IAG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 178.65
Bid: 178.70
Ask: 178.80
Change: 0.35 (0.20%)
Spread: 0.10 (0.056%)
Open: 178.75
High: 181.20
Low: 177.50
Prev. Close: 178.30
IAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Aer Lingus cancels regional flights as Stobart Air appoints liquidator

Sat, 12th Jun 2021 11:01

(Alliance News) - Aer Lingus has announced that a number of regional flights have been cancelled after operator Stobart Air ended its contract with the Irish airline, which is part of International Consolidated Airlines Group SA.

The announcement affects several flights from Dublin and Belfast City airports to UK cities.

Stobart Air is owned by Esken Ltd, formerly Stobart Group Ltd.

An Aer Lingus statement said: "Late on the evening of June 11, Stobart Air notified Aer Lingus that it was terminating its franchise agreement with Aer Lingus with immediate effect.

"As a result, all Aer Lingus regional flights operated by Stobart Air are cancelled.

"Stobart Air referred to the continuing impact of the pandemic which has resulted in almost no flying since March 2020.

"Stobart Air has ceased trading and is now in the process of appointing a liquidator.

"Aer Lingus apologises to customers for the inconvenience caused by the cancellation at such short notice of all flights operated by Stobart Air.

"Aer Lingus is now communicating to customers to advise them of their options for refund or rebooking."

Customers who have booked flights are advised not go to the airport and to check the Aer Lingus website.

The announcement affects flights from Dublin to Kerry, Donegal, Glasgow, Edinburgh and Newquay.

Flights from Belfast City Airport to Manchester, Birmingham, Edinburgh, Leeds Bradford, Exeter and East Midlands have also been cancelled.

A spokesperson for Belfast City Airport said: "We were informed by Aer Lingus this morning that Stobart Air, who operated the Aer Lingus regional franchise, has ceased operations.

"The Aer Lingus Heathrow service is not affected and is still operating.

"We apologise to our passengers for this inconvenience and are working with Aer Lingus to ensure these routes are operating again as soon as possible."

A spokesperson for Stobart Air said: "It is with great regret and sadness that Stobart Air can confirm that the board is in the process of appointing a liquidator to the business and the airline is to cease operations with immediate effect.

"Stobart Air apologises to all its customers for the inconvenience caused at short notice. All 480 staff at the airline have been informed.

"Last April, Stobart Air announced that a new owner had been identified. However, it has emerged that the funding to support this transaction is no longer in place and the new owner is now unable to conclude the transaction.

"Given the continued impact of the pandemic which has virtually halted air travel…and in the absence of any alternative purchasers or sources of funding, the board of Stobart Air must take the necessary, unavoidable and difficult decision to seek to appoint a liquidator."

Esken had agreed back in April to sell Stobart Air to Isle of Man-based Ettyl Ltd for a nominal GBP2, plus up to GBP7.5 million by 2024 depending on performance.

Late last month, Esken first said the sale was delayed as it awaited change of control consents that would have allowed Stobart Air to keep its contracts under the new ownership. Then it said it had become aware that Ettyl's proposed financing was no longer available and that Ettyl was in discussions with another potential financing source.

source: PA

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
20 Oct 2023 17:06

LONDON MARKET CLOSE: Stocks down after difficult week for markets

(Alliance News) - Stock prices in London closed lower on Friday, after a difficult week for markets, as investors contend with the heightening war in the Middle East as well as the prospect of higher interest rates.

Read more
20 Oct 2023 17:06

LONDON MARKET CLOSE: Stocks down after difficult week for markets

(Alliance News) - Stock prices in London closed lower on Friday, after a difficult week for markets, as investors contend with the heightening war in the Middle East as well as the prospect of higher interest rates.

Read more
20 Oct 2023 15:44

UK earnings, trading statements calendar - next 7 days

Monday 23 October 
Shanta Gold LtdTrading Statement
South32 LtdTrading Statement
Tuesday 24 October 
Angling Direct PLCHalf Year Results
Anglo American PLCTrading Statement
Barclays PLCQ3 Results
Bunzl PLCTrading Statement
FD Technologies PLCHalf Year Results
Gattaca PLCFull Year Results
Petra Diamonds LtdQ1 Results
Scancell Holdings PLCFull Year Results
Softcat PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
WAG Payment Solutions PLCTrading Statement
Wednesday 25 October 
Asos PLCFull Year Results
Bytes Technology Group PLCHalf Year Results
Critical Mineral Resources PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Ibstock PLCTrading Statement
Lloyds Banking Group PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
RWS Holdings PLCTrading Statement
ScS Group PLCFull Year Results
Virgin Wines UK PLCFull Year Results
Thursday 26 October 
Bank of Ireland Group PLCTrading Statement
Bloomsbury Publishing PLCHalf Year Results
Botswana Diamonds PLCTrading Statement
C&C Group PLCHalf Year Results
e-Therapeutics PLCHalf Year Results
Financials Acquisition CorpTrading Statement
GCP Infrastructure Investments LtdTrading Statement
HarbourVest Global Private Equity LtdHalf Year Results
Hummingbird Resources PLCTrading Statement
Hunting PLCTrading Statement
Inchcape PLCTrading Statement
International Personal Finance PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
Renishaw PLCTrading Statement
Standard Chartered PLCQ3 Results
Unilever PLCTrading Statement
WPP PLCTrading Statement
Friday 27 October 
International Consolidated Airlines Group SAQ3 Results
NatWest Group PLCQ3 Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
20 Oct 2023 12:11

LONDON MARKET MIDDAY: Middle East tensions continue to weigh on stocks

(Alliance News) - Stock prices in London were down at midday on Friday, as ongoing hostilities in the Middle East continued to weigh on investor sentiment, with US interest rate worries also tempering enthusiasm.

Read more
20 Oct 2023 08:52

LONDON MARKET OPEN: Rate worries and Middle East tensions hurt shares

(Alliance News) - Stock prices in London opened lower on Friday, with US interest rate concerns and ongoing hostilities in the Middle East keeping a lid on enthusiasm at the end of the week.

Read more
18 Oct 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 falls after stubborn UK inflation data

(Alliance News) - Stock prices in London were lower heading into Wednesday afternoon, with events in Gaza and a hotter-than-expected UK inflation reading weighing on stocks.

Read more
18 Oct 2023 09:39

LONDON BROKER RATINGS: Citigroup cuts Wizz Air to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
17 Oct 2023 09:56

UK competition regulator orders rethink on Heathrow Airport charges

(Alliance News) - A decision on how much Heathrow Airport can charge airlines must be reconsidered, competition regulator the Competition & Markets Authority said.

Read more
9 Oct 2023 16:56

LONDON MARKET CLOSE: Stocks suffer amid Israel conflict

(Alliance News) - Oil majors and defence contractor BAE Systems helped shield the FTSE 100 from a deeper decline on Monday, as global equities struggled as events in Israel meant it was a risk-off start to the new week.

Read more
9 Oct 2023 15:40

London close: Stocks slip into red on growing Middle East concerns

(Sharecast News) - London's financial markets closed in the red on Monday, relinquishing earlier gains as geopolitical tensions emanating from the Israel-Gaza conflict hit global sentiment.

Read more
9 Oct 2023 08:54

LONDON BROKER RATINGS: Numis raises Rotork and cuts Bodycote

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
8 Oct 2023 14:22

Major airlines cancel dozens of flights to Tel Aviv amid Hamas attack

(Alliance News) - Major airlines have cancelled dozens of flights to Tel Aviv this weekend after the Palestinian militant group Hamas launched a surprise large-scale attack against Israel.

Read more
6 Oct 2023 10:28

Datalex and Aer Lingus ink digital transformation platform deal

(Alliance News) - Datalex PLC on Friday said it will partner with Aer Lingus Ltd to offer the airline a new digital transformation platform.

Read more
5 Oct 2023 12:59

BA nearing long-term pay deal to avert pilots' strike - report

(Sharecast News) - British Airways is reportedly on the of a brink of a long-term pay deal with its pilots aimed at removing the renewed threat of strike action until at least 2027.

Read more
4 Oct 2023 09:52

LONDON BROKER RATINGS: Goldman likes Relx; Jefferies likes Aviva

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.