TRANSPORT group Stobart has signed a five-year deal with Ireland’s Aer Arann to use its Southend Airport.
The deal will see Stobart invest €2.5m (£2.2m) into the deal and will see the Irish airline operate flights out of the London airport starting next March. Expectations are that passenger volumes will grow to 300,000 a year.
Stobart said the deal will further strengthen its footprint in Ireland and that its agreement with Aer Arann could explore new opportunities in the future.
The deal is subject to the airline’s successful departure from administration.