Aviation group ‘minimising cash burn’ as it battles headwinds
Aviation and energy infrastructure group Stobart Group is "minimising the cash burn" across the business as it responds to the ongoing impact of the Covid-19 crisis.
The Carlisle-headquartered group raised £100m from the markets in June to support its balance sheet and is now looking to make progress on its strategy of caution and being prepared for an upturn.
Warwick Brady, chief executive of Stobart Group, said: "The group is executing the strategy it set out at the time of the capital raise and is employing strict financ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
