Stobart Group Limited Agreement at London Southend Airport (2767P)
09 Ottobre 2019 - 10:31AM
UK Regulatory
TIDMSTOB
RNS Number : 2767P
Stobart Group Limited
09 October 2019
9 October 2019
STOBART GROUP LIMITED
('Stobart Group' or 'the Company')
Agreement to provide import/export services at London Southend
Airport
Stobart Group, the aviation, energy and civil engineering group,
is pleased to announce it has signed an agreement with a global
logistics customer to provide facilities and expertise to support
the import and export of goods at London Southend Airport.
The initial two-year agreement will see Stobart Group provide
runway access and import/export facilities by converting existing
hangarage on the north side of the runway, away from the south side
based commercial passenger operations.
Operations will commence in October 2019 and the customer may
renew the agreement on an ongoing basis.
Warwick Brady, CEO of Stobart Group, said:
"The agreement will enable us to further diversify and add a new
revenue stream for London Southend Airport and Stobart Aviation
Services, and is expected to contribute towards Stobart Group's
underlying EBITDA from FY2020 onwards."
Enquiries:
Stobart Group Limited C/o Newgate Communications
Charlie Geller, Head of Group Communications
Newgate Communications +44 203 757 6880
Robin Tozer stobart@newgatecomms.com
Ian Silvera
Megan Kovach
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END
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