For the last three months, restructuring specialists from Deloitte have been crunching the numbers and investigating the perilous financial situation of Stobart Air, the Irish based airline that operates the Aer Lingus regional service. They have been assessing potential liabilities, future cash flow projections and the capacity of the airline to weather the growing storm that has grounded the economy in general, and the aviation sector in particular. Accountants at Deloitte’s Dublin office were briefed to prepare an expert report on the company’s finances, including options for both formal and informal restructuring. The report is now almost complete, and will…

Want to continue reading?

Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.

Subscribe

Cancel at any time.

Are you already a member? .