I am wondering if anyone else holds Stobart Air and what your views are of today's announcement that they are buying back Stobart Air and its Assets for a lot less than what they sold it for?
On the surface it looks like a bold and confident move but I am trying to work out if their hand has been forced (and by how much) or not. Clearly there is some cash hit involved and the RNS implies they have some liabilities if Stobart Air went into receivership - but - if they can survive the storm this may provide a shot in the arm for the share price.
I note too that is another Branson investment ( he has a minor stake) in trouble.
