Propius Holdings Ltd
Propius Holdings is an aircraft leasing unit of Stobart Group. It was established in Dec-2012, as a JV between Stobart and Invesco. The holding company acquired Invesco's 33% stake in the lessor on 24-Feb-2017, following an in-principle agreement set in Nov-2016.
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 will result in Stobart Group with an effective indirect economic interest of 78.75% in Stobart Air and Propius Holdings Ltd.
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