Future in Doubt for Stobart Air as Chairman Departs
Stobart Air chairman Tim Jeans has stepped down from his position as the future of the Aer Lingus Regional operator remains unclear.
Jeans took over the role last October, replacing Sean Brogan who stepped back in the role of chief executive after former managing director Julian Carr departed.
Now, according to The Irish Times, Jeans has stepped down, adding to the growing speculation about what is the next step for the airline. Late last year, it was reported that it was considering selling in 2016.
It was also reported that management was considering a bid for the carrier, considered to be valued in the region of €60 million to €65 million. A merger with regional airline Cityjet was also rumoured.
Stobart Air as yet has not commented on the departure of Jeans.