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Stobart Appoints IAG Executive Lewis Girdwood As Finance Head

Mon, 01st Apr 2019 14:04

LONDON (Alliance News) - Stobart Group Ltd said Monday it has appointed Lewis Girdwood as chief financial officer & executive director with immediate effect.

Since 2017, Girwood has served as chief financial officer at IAG Cargo, which provides global cargo services to British Airways, Iberia, Aer Lingus and other IAG airlines. IAG Cargo is a unit of International Consolidated Airlines Group SA.

Aviation, energy and civil engineering company Stobart said interim finance boss Michael Williamson will step down from his position following a short handover.

Earlier in 2019 Stobart, via joint venture Connect Airways, bought budget airline Flybe Group PLC.

Connect, a joint venture among Stobart, Virgin Atlantic Ltd, and DLP Holdings SARL, paid pay just 1 pence per share, or GBP2.2 million, for Flybe. Flybe had already sold all of its assets and operations to Connect for GBP2.8 million in a separate transaction earlier in the year.

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7 May 2020 14:45

UK EXECUTIVE CHANGE SUMMARY: Connect Picks Ex-Synthomer CFO As Chair

UK EXECUTIVE CHANGE SUMMARY: Connect Picks Ex-Synthomer CFO As Chair

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27 Apr 2020 15:26

Stobart Group buys back ex-Flybe sibling Stobart Air

(Sharecast News) - Stobart Group has reached agreement with EY - the administrators of Connect Airways - to acquire Stobart Air and Propius, it announced on Monday.

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27 Apr 2020 11:32

Stobart Group Takes Back Control Of Stobart Air And Prosius

Stobart Group Takes Back Control Of Stobart Air And Prosius

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23 Apr 2020 16:14

MEDIA-Stobart Group agrees to buy 49% stake of Stobart Air - Irish Independent

DUBLIN, April 23 (Reuters) - -- Source link: https://www.independent.ie/business/uk-group-agrees-to-buy-49pc-stake-of-stobart-air-for-over-340000-39151870.html -- Note: Reuters has not verified this story and does not vouch for its accuracy (Repor...

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16 Apr 2020 15:23

Stobart Confirms Takeover Talks For Stobart Air From Administrators

Stobart Confirms Takeover Talks For Stobart Air From Administrators

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6 Apr 2020 12:51

Stobart Group withdraws guidance 50pc of workforce on furlough

(Sharecast News) - Stobart Group updated the market on the measures it has taken to date in response to the Covid-19 coronavirus pandemic on Monday, confirming that it had frozen all capital expenditure spend other than where it was considered critical for safety reasons.

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6 Apr 2020 12:23

Stobart Group Exploring Funding Options, Furloughs 1,500 Staff

Stobart Group Exploring Funding Options, Furloughs 1,500 Staff

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23 Mar 2020 09:43

UK BROKER RATINGS SUMMARY: Barclays Raises Pearson, Moneysupermarket

UK BROKER RATINGS SUMMARY: Barclays Raises Pearson, Moneysupermarket

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18 Mar 2020 13:42

Wednesday broker round-up

(Sharecast News) - Polypipe: Deutsche Bank upgrades to buy with a target price of 550p.

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17 Mar 2020 10:16

Stobart Seeks Cash, Confirms Stake Sale Talks For Southend Airport

Stobart Seeks Cash, Confirms Stake Sale Talks For Southend Airport

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17 Mar 2020 07:59

UPDATE 1-Stobart calls out liquidity needs as virus dents airport traffic

(Adds details on company measures, outlook)March 17 (Reuters) - Infrastructure group Stobart said on Tuesday additional liquidity is likely to be required because of the disruption to its aviation business, especially the London Southend Airport, ...

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17 Mar 2020 07:27

Coronavirus puts Stobart's Southend stake sale talks on hold

(Sharecast News) - Stobart said talks to sell a stake in its Southend airport site had been put on hold because of the coronavirus pandemic.

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16 Mar 2020 23:58

UPDATE 4-'Single biggest shock': Aviation battles coronavirus cash crunch

* Boeing seeks U.S. aid for aviation sector* Qantas cuts international capacity by 90%* Cathay Pacific strikes $704 mln sale and leaseback deal* Airlines carrying cargo on empty passenger planes (Adds Airbus, Stobart, Avinor, and stocks)By Jamie Fre...

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6 Mar 2020 18:59

Britain rules out flight tax relief in next week's budget -FT

March 6 (Reuters) - Britain has ruled out any changes to air passenger duty in the budget next week, despite regional airline Flybe's collapse, the Financial Times reported on Friday, citing senior government officials.In January, after crunch tal...

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5 Mar 2020 14:27

UPDATE: Scottish Airline Loganair To Take On Flybe Routes, Staff

UPDATE: Scottish Airline Loganair To Take On Flybe Routes, Staff

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