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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.

Quick facts: Stobart Group Ltd

Price: 48.4 GBX

LSE:STOB
Market: LSE
Market Cap: £181.33 m
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