Stobart Group, the aviation and energy group, agreed to acquire Stobart Air, which operates regional flights under a franchise agreement for Aer Lingus, and Propius, an aircraft leasing business that leases its eight ATR aircraft to Stobart Air, for £8.6m. "This transaction allows Stobart Group to take control of the outstanding legacy issues which date back to 2017 when Stobart Air and Propius became subsidiaries of the Company. The original strategy to mitigate these issues over time through the combination of the businesses with Connect was impacted by the failure of Flybe and resulting administration of Connect in March 2020. We believe that Stobart Air has a viable future after Covid-19 and are working with Aer Lingus as our franchise partner to place the business on a secure footing and manage the impact of the legacy obligations in a controlled manner," Warwick Brady, Stobart Group CEO.