Stobart Group looks for additional liquidity and says Southend Airport sale talks on hold

UK low cost carrier Stobart Group has said in a trading update that the firm will require additional liquidity to deal with the drop in passenger number, while separately stating that talks on offloading its 25% in London Southend Airport were stalled, both due to Covid19. In the statement Stobart said that passenger numbers were down at its Southend Airport hub and that carriers which fly from the airport have cautioned they will take s significant route cancellations. “Given the current market conditions, additional liquidity is likely to be required and the Stobart Group is actively reviewing the most appropriate sources