THE UK's Stobart Group has liabilities amounting to tens of millions of euro connected to Dublin-based Stobart Air, the Irish Independent understands. Stobart Group, whose CEO is Warwick Brady, has declined to specify how much the liabilities are. "Stobart Group is actively evaluating how best to address and manage these liabilities and is in discussion with stakeholders regarding the most appropriate solutions," he added. The liabilities Stobart Group has are linked to a number of aircraft leases. "The commission is satisfied that Stobart Air meets the requirements to hold an operating licence," it said.

Source: Irish Independent March 20, 2020 02:35 UTC