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Stobart Group LTD

Stobart Group Limited – Stobart Air agreement to provide ACMI services

Stobart Group Limited (LON:STOB), the Aviation, Energy and Rail & Civils business, today confirmed that Stobart Air has secured an agreement to provide new aircraft, crew, maintenance, and insurance (ACMI) services for BA CityFlyer.

The arrangement between the two airlines will see Stobart Air provide ACMI services for the purpose of operating routes to and from London City Airport under the BA CityFlyer brand from 16 November.

Stobart Air also announced its intention to add 40 new people, with the recruitment of 10 captains and first officers as well as 30 cabin crew. Stobart Air will lease two Embraer 190 jet aircraft under a three-year lease agreement with Republic of Ireland-based Nordic Aviation Capital to service the new routes.

Graeme Buchanan, Managing Director of Stobart Air, said: “A key part of our growth strategy is to secure additional commercial relationships with airlines. This agreement with BA CityFlyer allows us to further diversify the brands we work with.

“Stobart Air is recognised within the industry for its operational excellence and quality of customer service, and this deal demonstrates that we can continue to leverage this reputation to grow our business and secure further commercial relationships.”