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Eamonn Farrell/Photocall Ireland
# Leaving on a jet plane
Wave goodbye to Aer Arann and say hello to Stobart Air
Stobart Group acquired a shareholding in Aer Arann in 2010 following the airline’s examinership, and is the airline’s largest shareholder.
AER ARANN HAS announced it is changing its corporate name to Stobart Air.
This transition to its new corporate name will be complete by the end of this year and the company said this marks the conclusion of the first phase of its ‘new beginning’ strategy.
The airline will continue to operate under the Aer Lingus Regional brand as part of its franchise agreement and Stobart Air’s Irish operations will remain at Santry.
Stobart Air said it aims to become a specialist in franchise or contract flying for major European airlines, and to double its passenger numbers within five years.
Stobart Group first acquired a shareholding in Aer Arann in 2010 following the airline’s examinership, and is the airline’s largest shareholder. Over the last year, the airline has created 50 new jobs and successfully restructured its finances. It also announce a number of new routes from Dublin, Cork and Shannon airports.
Read: Aer Arann sells aircraft as part of profitability strategy>
Read: Aer Lingus Regional adds 50 extra UK flights including new route to Newcastle>
