Stobart Air Plans Liquidation, Terminates Operation

On Saturday, Stobart Air — the operator of Aer Lingus's regional services — announced that it would appoint a liquidator, canceling its franchise agreement with Aer Lingus Regional and forcing the cancelation of dozens of flights. In a memo to its 480 employees, Stobart Air said it was unable to close a deal with suitor Ettyl Limited over the assets of its parent company, Esken Limited, due to a lack of funding. As a result, Stobart Air terminated its franchise…