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Tullow Oil PLC in demand after refinancing plans
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FTSE 100 slips below 7000 but Wall Street set for strong start after GDP data and Apple and Facebook results
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Global Petroleum Limited raises up to £2mln to fund Namibia prospect
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FTSE 100 slips below 7000 but Wall Street set for strong start after GDP data and Apple and Facebook results
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Aviation executive Ian Woodley is understood to be engaged in talks to buy Aer Lingus Regional operator Stobart Air.
Mr Woodley was previously involved in regional carrier BMI. He was an investor in the consortium that acquired the operator from Aer Lingus owner IAG in 2012 and served as chairman until 2014.
The
Irish Independent understands that Andy Jolly, the managing director of Dublin-based Stobart Air, is also involved in the acquisition talks alongside Mr Woodley.
A UK-based boutique private equity house is thought to be lined up to provide financing for a deal.
Mr Jolly was chief operating officer at Loganair between 2007 and 2011. He served in the same role at Stobart Air from 2015 before being appointed its managing director in 2019.