After warning at the end of May that the proposed sale of Stobart Air and Carlisle Lake District Airport (CLDA) to Isle of Man-based company Ettyl was in doubt as the funding package to support the airline was no longer available, Esken has now confirmed that the transaction has been cancelled and the company has ceased trading. (Reports also surfaced recently that Ettyl had been forced to report certain paperwork discrepancies associated with the planned financing to the Isle of Man police). On June 12, Stobart Air said the funding for the deal “is no longer in place and the
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