Sto­bart Air ex­pands with Bri­tish Air­ways route deal

Irish Independent - Business Week - - FRONT PAGE - Gavin McLough­lin

STO­BART Air has agreed a deal to op­er­ate routes for Bri­tish Air­ways (BA).

Sto­bart – which op­er­ates re­gional routes for Aer Lin­gus and Flybe – will pro­vide the ser­vices un­der the BA Ci­tyflyer brand.

It will in­vest €36m in two Em­braer E190 jet air­craft and 40 new jobs on foot of the deal.

Sto­bart Air manag­ing di­rec­tor Graeme Buchanan said the deal was “a sig­nif­i­cant recog­ni­tion of our in­creased ca­pa­bil­i­ties as an air­line”.

The so-called ACMI deal sees Sto­bart pro­vide air­craft, crew, main­te­nance and in­sur­ance to BA in re­turn for a fee.

Last year, Sto­bart Air an­nounced a €25m in­vest­ment in the air­line busi­ness, with the ad­di­tion of 60 new jobs and three Em­braer E195 jet air­craft to its fleet.

“Due to the con­tin­ued and con­sis­tent growth of our air­line, we are in­vest­ing in our fleet and our peo­ple to de­liver on our cur­rent growth strat­egy,” Mr Buchanan said.

“As a re­gional part­ner to lead­ing air­lines, we con­stantly re­view our busi­ness op­er­a­tions and our net­work to po­si­tion us for op­por­tu­ni­ties with key part­ners from the most pop­u­lar cities and routes across Ire­land, the UK and be­yond.

“We con­tin­u­ously seek to pro­vide the op­ti­mum con­nec­tiv­ity on key routes for cus­tomers, work­ing with our part­ners. We have am­bi­tious plans to grow and de­velop this part­ner­ship in 2018,” he said.

Sto­bart Air is on track to carry two mil­lion pas­sen­gers in 2018 – a 17pc in­crease in pas­sen­ger num­bers on the pre­vi­ous year.

The air­line is part of the Sto­bart Group, which has been the sub­ject of a bit­ter board­room bat­tle this year.

For­mer CEO An­drew Tin­kler led a nar­rowly un­suc­cess­ful at­tempt to re­place the com­pany’s chair­man, with the sup­port of Neil Wood­ford’s Wood­ford In­vest­ment Man­age­ment.

The com­pany and Mr Tin­kler are now en­gaged in le­gal ac­tion.

Sto­bart Air MD Graeme Buchanan

Newspapers in English

Newspapers from Ireland

© PressReader. All rights reserved.