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Stobart Group signs significant new partnership deal with Ryanair

Warwick Brady, chief executive of Stobart Group PLC (LON:STOB), discusses with Proactive's Andrew Scott a new partnership deal with Ryanair Holdings PLC (LON:RYA) which will see the Irish low-cost airline open a new base at London Southend Airport.

Brady says the five-year agreement, which is extendable to ten years, was agreed on its standard commercial terms, and will see Ryanair make a US$300mln investment in the airport.

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Price: 118 GBX

LSE:STOB
Market: LSE
Market Cap: £442.09 m
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Stobart Group PLC reports ' strong strategic and operational first-half...

Stobart Group (LON:STOB) CEO Warwick Brady and CFO Lewis Girdwood highlight what they believe to be the 'significant growth potential' within its aviation division and in particular at London Southend airport. Passenger numbers at the airport increased by 41.8% to 1.2 million in the six...

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