Stobart Air (formerly Aer Arann) is a regional airline based in Dublin, Ireland. On 21-Mar-2014 the airline changed its corporate name to Stobart Air, reflecting the Stobart Group's stake in the airline, as its majority shareholder. The airline continued to operate under the existing Aer Lingus Regional brand. The carrier operates scheduled services from Ireland and the Isle of Man to destinations in Ireland, the UK and France and is Ireland's third largest airline behind Ryanair and Aer Lingus. CityJet expressed interest in the acquisition of Stobart Group's airline subsidiary, Stobart Air in early 2016. However, negotiations ended on 05-Dec-2016, with Stobart citing the agreement with CityJet is not in the commercial interest of the Group. Stobart Group sold a 51% stake in Stobart Air to an employee benefit trust in 2019. Connect Airways owned the remaining 49% stake in Stobart Air.
Connect Airways entered into administration in Mar-2020. Stobart Air stated the administration of Connect Airways did not directly impact the operation of Stobart Air services.
On 27-Apr-2020, Stobart Group reached an agreement with EY, the administrators of Connect Airways, to acquire Stobart Air and Propius Holdings Ltd. The transaction resulted in Stobart Group with an effective indirect economic interest of 78.75% in Stobart Air and Propius Holdings Ltd.
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