herald

Saturday 21 October 2017

Buyout: Aer Arann deal close

BRITISH transport business Stobart is the preferred buyer for embattled airline Aer Arann.

The Galway-based airline went into examinership last month and the Stobart group is believed to be finalising a €10m rescue package. Aer Arann owner Padraig O Ceidigh is working with Stobart and will retain a minority stake in the business.

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