|Type||Public limited company|
|Traded as||LSE: STOB|
|Industry||Infrastructure and Support Services|
|Headquarters||Carlisle, Cumbria, England|
|Area served||Ireland, United Kingdom|
|Key people||Andrew Tinkler
(Chief executive officer)
Stobart Group Ltd (LSE: STOB) (trading as Stobart Group) is a large British infrastructure and support services company, with interests in Energy, Rail, Aviation, Investments and Brand Promotion (including Legal Services), through operations in the United Kingdom and Ireland. The company is registered in Guernsey but has its operational head office in Carlisle, Cumbria which it hopes to re-locate to a new, purpose-built building at Carlisle Lake District Airport, where it owns a 150-year lease expiring in 2151.
Stobart Group was formed in 2007 from the merger of the Westbury Property Fund and Eddie Stobart. Since then, it has diversified its interests, and following the sale in 2014 of a 51% stake in its original Eddie Stobart Logistics business, it now concentrates in the biomass energy, railway maintenance and aviation sectors as well as having investments in a property and logistics portfolio. Stobart Group owns the intellectual property rights and trademarks to the brand name "Eddie Stobart" and it licences it out to Eddie Stobart Logistics.
Brothers-in-law Andrew Tinkler and William Stobart hold 9.08% and 3.39% respectively of the Stobart Group as of April 2014. Allan Jenkinson holds a further 4.99% of the company as of April 2014. The largest overall shareholder is now the investment management company Invesco who now holds 35.85% of the Stobart Group as of April 2014.
The company is listed on the London Stock Exchange and is a former constituent of the FTSE 250 Index. However, unlike most UK public companies, Stobart Group retains its "Ltd" status as it is incorporated in Guernsey and not England & Wales or Scotland, which would require it to change its suffix to "plc" status.
- 1 History
- 2 Financial performance
- 3 Current operations
- 3.1 Stobart Energy
- 3.2 Stobart Rail
- 3.3 Stobart Aviation
- 3.4 Stobart Investments
- 4 Stobart Brand
- 5 Controversy
- 6 Gallery
- 7 See also
- 8 References
- 9 External links
The Stobart Group was created on 15 August 2007 when the Eddie Stobart business gained a stock market listing through the reverse acquisition of the Westbury Property Fund Ltd, a commercial property and ports company.
Westbury acquired the ultimate Eddie Stobart Ltd. holding company, Stobart Holdings Ltd., from W.A. Developments International Ltd. for £137.7 million: £62 million in cash and £76 million in new Westbury Property Fund shares. The renamed Westbury group then became the London Stock Exchange listed Stobart Group Ltd., with Andrew Tinkler and William Stobart becoming substantial shareholders holding 20% and 8.5% respectively of the Stobart Group and becoming Chief Executive Officer and Chief Operating Officer of the Stobart Group respectively.
In return, Westbury would sell the bulk of its commercial property portfolio, Westbury Properties Ltd., to another WA Developments subsidiary, WADI Properties Ltd., for £142.0 million in cash. The Stobart Air operation, owners of Carlisle Lake District Airport, remained outside the enlarged group, still owned by WA Developments.
With the Westbury takeover Stobart gained the Port of Weston in Runcorn. At the same time as the Westbury merger it was announced that the "O'Connor Group" was also being purchased by Westlink, at the time a wholly owned business of Westbury, from the O'Connor family for £22 million. The O'Connor Group operates a truck fleet of approximately 90 vehicles, offering transmodal road rail services at the 'inland port', Widnes Intermodal Rail Depot.
In March 2007 Westbury had also acquired AHC – a rail terminal operator and storage, facilities handling and transport business – operating on a site adjacent to the O'Connor terminal. Westbury also operated a joint venture, Victa Westlink Rail, between its Westlink subsidiary and Victa Railfreight.
The company was split into three divisions: Eddie Stobart, Stobart Rail and Stobart Ports, with the opportunity of adding a fourth division, Stobart Air, in the future.
Stobart Group's First Acquisitions
On 10 March 2008 the Stobart Group announced the acquisition of James Irlam & Sons Ltd, one of the largest independently owned road transport logistics providers in the UK. The company was purchased from the Irlam family for £59.9 million.
At the same time, the group announced the purchase of the Andrew Tinkler and William Stobart owned partner company W. A. Developments Ltd., from W. A. Developments International Ltd., which had been advising Stobart on the redevelopment of the inland port operation in Widnes and potential port operation in Runcorn, and a £50,000 option agreement to purchase Carlisle Lake District Airport, controlled by WA Developments through Stobart Air Holdings, for £15 million (£2.5 million in cash and £12.5 million in new Stobart Group shares). At the beginning of June 2008, W. A. Developments Ltd. was renamed Stobart Rail Ltd and became responsible for all the railway activities of the group. This is now contained in the Stobart Infrastructure and Civils division.
On 1 April 2008 the Stobart Group (incorporating Eddie Stobart Ltd) started its first dedicated operations in Ireland, Stobart Ireland, based in Dublin, following the acquisition of TDG's Irish trailer operations.
In July 2008 it was announced that the group had taken over the chilled and ambient goods distribution operations from the administrators of Innovate Logistics Limited, saving the jobs of around 1,300 Innovate employees.
On 2 December 2008, the Stobart Group announced the surprise £21 million purchase of London Southend Airport, through its subsidiary Stobart Airports Ltd from Regional Airports Ltd (who also own London Biggin Hill Airport). The deal completed on 5 December 2008. At the time, the book value of London Southend Airport's assets were £25.5 million, and the acquisition was later described as a "bargain purchase" by the Stobart Group. The deal was paid as to £10 million in new Stobart Group shares, £6 million by a vendor loan note, and the remaining £5 million was to be paid on the completion of the London Southend Airport expansion plans in July 2012.
In January 2009, Stobart Group's subsidiary, Stobart Airports Ltd., exercised its option to acquire Carlisle Lake District Airport from Stobart Air Holdings for £14 million (£1 million less than originally announced). Following an independent shareholder vote, the acquisition was completed in May 2009, and the purchase price was reduced to £9.9 million due to a fall in the value of Stobart Group shares.
On 14 September 2009, MP David Taylor officially opened Stobart's Nestlé distribution centre in Bardon, Coalville, Leicestershire, after a £7 million refurbishment creating an extra 62 jobs. The new site previously owned by Innovate Logistics, at full capacity, will hold 110,000 pallets, and 88,000 tonnes of goods. The hub distributes approx 75% of Nestlé UK's deliveries of products such as Kit-Kats, Smarties and Nescafé.
On 24 March 2010, the Stobart Group announced the purchase of 50% of A. W. Jenkinson Biomass Ltd, from A. W. Jenkinson Forest Products, for £30 million, as an equal mix of cash and shares. A. W. Jenkinson Biomass Ltd was then renamed Stobart Biomass Products Ltd.
On 11 October 2010, the Stobart Group announced that it was purchasing 35 convertible preference shares of €1 each in the parent company of the Irish airline Aer Arann, Everdeal Ltd, through its subsidiary Aer Arann UK Ltd, for €2.5 million, enabling it to have a 5% stake in the airline. Stobart Group has an option to increase its stake by a further 27.5% to 32.5%. At the same time, Aer Arann announced that it would start twice daily flights from Stobart Group's London Southend Airport to Galway and Waterford in Ireland from 27 March 2011.
Edward Stobart's death
Edward Stobart died on Thursday 31 March 2011 suffering heart problems. He was 56.
On 21 April 2011, the Stobart Group announced a Placing and Open Offer (similar to a rights issue) of 77,339,766 new ordinary shares in the Stobart Group at 155p each to raise net proceeds of £114.9 million to achieve its growth plans.
The Stobart Group also announced it was buying the remaining 50% of Stobart Biomass Products it did not already own for £20 million.
The company was to be split into five new divisions: Stobart Transport and Distribution, Stobart Estates, Stobart Infrastructure and Civils, Stobart Air and Stobart Biomass.
Due to a fall in property values during 2007–2011, the Stobart Group also announced an option to buy back Westbury Properties Ltd. from WADI Properties Ltd. expiring on 15 August 2011, as some of its properties, owned by a Westbury Properties Ltd. subsidiary, Moneypenny Ltd., were used by the Stobart Group for its operations. On 17 January 2012, Stobart Group announced it was purchasing WADI Properties Ltd. itself for £12.35 million (£5.15 million in cash and £7.2 million in new Stobart Group ordinary shares) from W. A. Developments International Ltd. Following another independent shareholder vote, the acquisition was completed on 28 February 2012. 
On 18 June 2012, Stobart Group's subsidiary, Stobart Holdings Ltd., announced the acquisition of the car transporter logistics operator, Autologic Holdings PLC, for 20p in cash per Autologic ordinary share, valuing the company at £12.4 million. After Autologic shareholder approval, the acquisition was completed on 10 August 2012.
Boardroom coup and counter-coup
In January 2013, following an under-performing share price, Stobart Group's largest shareholder, Invesco, initiated a number of boardroom changes. The long-standing Non-Executive Chairman, Rodney Baker-Bates, was demoted to become a Non-Executive Director, whilst Avril Palmer-Baunack, the former Chief Executive of Autologic and now Deputy Chief Executive of Stobart Group, was promoted to become Executive Chairman. Her remit was to sell off under-performing parts of the business.
However, disagreements started with Andrew Tinkler and William Stobart, who held 12.6% of the Stobart Group at the time, over what could be classified as an "under-performing asset". Their view was that there were no under-performing assets in the Stobart Group whatsoever.
In April 2013, Stobart Group announced that Avril Palmer-Baunack would be leaving the Group in the next month. In October 2013, Stobart Group appointed Iain Ferguson CBE as its new independent Non-Executive Chairman.
Partial realisation of Transport and Distribution Division
In March 2014, Stobart Group announced its intention to re-position itself as an Infrastructure and Supports Services business, with the announcement of the sale of its original Transport and Distribution business to Douglas Bay Capital for £280.8 million: £195.6 million in cash and £44.1 million in shares (and therefore a 49% stake) of the new Eddie Stobart Logistics business. The deal enabled Stobart Group to pay back almost all of its debt, conduct a £35 million share buy-back and invest £55 million into its new division Stobart Green Energy.
Stobart Group was then re-organised into four core divisions: Stobart Energy, Stobart Rail, Stobart Aviation and Stobart Investments.
Stobart Group is listed on the London Stock Exchange under the symbol STOB.
Figures below show the recent results for the Group; their financial year now runs to the last day of February each year:
|Period ended||Turnover (£m)||Profit before tax (£m)||Dividend per share (p)||Adjusted earnings per share diluted (p)|
|28 February 2013||572.4||36.0||6.0||8.98|
|29 February 2012||551.92||30.55||6.0||8.97|
|28 February 2011||500.39||29.47||6.0||9.02|
|28 February 2010||447.66||33.29||12.0||11.58|
|28 February 2009||431.06||29.72||6.0||(4.07)|
|29 February 2008 (14 months)||108.84||3.52||8.3||(22.92)|
|31 December 2006||0.42||(1.12)||6.0||58.29|
|31 December 2005||7.59||13.70||6.0||26.48|
|31 December 2004||5.43||7.56||8.0||54.04|
There are now four main business divisions within the company: Stobart Energy, Stobart Rail, Stobart Aviation, and Stobart Investments. There is also a further division, Stobart Brand, which promotes the brand name "Eddie Stobart" and also includes the legal services division Stobart Barristers.
Formed in March 2010 when the Stobart Group purchased 50% of A. W. Jenkinson Biomass Ltd from A. W. Jenkinson Forest Products, which was then renamed as Stobart Biomass Products Ltd. The remaining 50% was acquired in May 2011. The Head of this division is Mike Smith.
Stobart Biomass transports sustainable wood products (primarily life-expired timber and low grade softwood) for use in low-carbon emission power plants, producing electricity at both large and small scale power plants, including for export. The business also sources sustainable timber and waste products, which are used in the production of Biomass Energy. Stobart Biomass operates from several sites throughout the UK, with its HQ at Penrith, Cumbria.
Stobart Rail (formerly known as Stobart Infrastructure and Civils) incorporates the major engineering and redevelopment projects including road/rail freight distribution centres, ambient and chilled warehousing facilities, construction/refurbishment of rail stations, sidings and airport buildings. It includes Stobart Rail: Infrastructure Engineering and Stobart Developments.
Stobart Rail Infrastructure and Civils operate the Southend Airport railway station which it opened on 18 July 2011.
The Head of this division is Kirk Taylor.
Stobart Rail: Infrastructure Engineering
Stobart Rail: Infrastructure Engineering (originally W. A. Developments Ltd) carries out railway works for Network Rail.
Stobart Developments is the logistics construction division of the Stobart Group. It is responsible for the development and improvement of the Stobart Group's property holdings. It currently has over 2 million sq ft of warehousing under construction throughout the UK.
The Head of this division is Roger Clements.
Carlisle Lake District Airport
Stobart Group purchased the lease of Carlisle Lake District Airport on 30 May 2009. It is operated by Stobart Air Ltd.
London Southend Airport
Stobart Group purchased the lease of London Southend Airport on 5 December 2008. It is operated by the London Southend Airport Company Ltd.
Stobart Estates Holdings Ltd (known as Stobart Investments) comprises the Stobart Group's portfolio of properties, including retail sites, light industrial buildings and distribution centres, office space and holdings which are owned or used in the Group's day-to-day business. It also includes the Group's 49% stake in Eddie Stobart Logistics and the Group's 45% stake in Stobart Air.
The Head of this division is Allan Tindall.
Stobart Properties Ltd (known as Stobart Properties) owns most of the original Eddie Stobart Logistics buildings and also the Westbury Property Fund's original joint-venture property interests.
WADI Properties Ltd is the holding company for Westbury Properties Ltd, the original Westbury Property Fund's commercial property division. Westbury Properties Ltd, owns Moneypenny Ltd, (known as the Moneypenny Property Portfolio) which comprised 18 freehold and long leasehold properties. They are a mixture of commercial, industrial and residential properties primarily in the South-East.
By the end of 2013, Stobart Group had disposed of the majority of these properties.
Eddie Stobart Logistics
Stobart Group owns a 49% stake in Eddie Stobart Logistics, the UK's largest multi-modal logistics company.
Stobart Group, through its subsidiary Aer Arann UK Ltd, owns a 45% stake in the parent company of Stobart Air, Everdeal Holdings Limited. Stobart Group has an option to increase its stake by a further 55% to 100%. This acquisition then helped later on to re-introduce scheduled passengers flights from London Southend Airport to Galway and Waterford, then to Dublin, operated by Aer Lingus Regional.
Stobart Group Brands LLP and Eddie Stobart Promotions Ltd have various Brand Promotion services, such as the Stobart Members Club, Stobart Fest, Stobart Sponsorship and Stobart Motorsport.
In 2005, 2007, and 2012, Eddie Stobart was recognised as a UK Superbrand by Superbrands Ltd.
Stobart Members Club
The tradition of naming Eddie Stobart lorry cabins with female names, combined with a very distinctive livery, has led members of the general public to "collect" sightings of Stobart lorries. This has occurred to the extent that a fan club was formed, eventually supported by the company which arranges depot tours and lorry rides, and sells model lorries etc. For a few years in the 1990s the company ran a fan club shop in Carlisle's city centre.
To help celebrate the 25th Anniversary of Eddie Stobart Ltd, the Somerset group The Wurzels recorded a new song "I wanna be an Eddie Stobart Driver". The song graced the UK Top 100 in 1995. The original, together with a spoof called "I wanna join the Eddie Stobart fan club", are still available for download via iTunes. There is also a range of Eddie Stobart toys available.
Standard Eddie Stobart trucks previously carried a yellow and red shaded effect identity "Eddie Stobart Ltd." with the strapline "Express Road Haulage Specialist", although the strapline "International Logistics" had also been used. This livery featured a basic contrast scheme of white, green, yellow and red, characterised by the yellow "S" chevron, red and white striped bumpers, and white detailing on red truck and trailer skirt panels.
To reflect the transfer of the company to WA Developments, and with the invention of a new wraparound shrink wrap adhesive plastic application technique, the standard livery was updated and changed to a more blended arrangement, with the dropping of yellow, and the traditionalist style white detailing and shadow effect fleet name. The main identity changed to just "Eddie Stobart" with white lettering and no shading effect, with the strap line "Trans - Store - Logistics". As of 2012 the strap line is "Delivering Sustainable Distribution". Some trailers carry a white refrigeration livery, with the phrase "Temperature Controlled Distribution". The striped white bumper effect is now extended around the vehicle, and is reflective as a night safety feature. Other Stobart trucks can carry complete customer liveries, most notably for Tesco, Coca-Cola, Mercedes AMG Petronas, Pirelli or the light blue of Knauf.
Stobart Rail carry the same livery as Eddie Stobart tractor units but have a main colour of Blue instead of the Green of Eddie Stobart.
Despite news reports to the contrary in 2008, the Irlam and O'Connor fleets have received Stobart liveried trucks, although the "Stobart" at the top front of the tractor unit is changed to "Irlam" or "O'Connor", with the relevant web address in place of the Eddie Stobart one. As of 2011 all Stobart tractor units that had previously carried the "Irlam" or "O'Connor" branding now carry Stobart Group branding.
Company additions to the group, the different in-house customer liveries used, and the changeover of standard liveries sometimes resulted in odd combinations of liveries between tractor and trailer combinations.
The Stobart sponsored rally team uses a specially liveried trailer.
Eddie Stobart has a long tradition of giving its trucks female names. The first four owned by Eddie Stobart were named after model "Twiggy" and singers "Tammy" (Wynette), "Dolly" (Parton) and "Suzi" (Quatro). Names are now often chosen with connections to drivers, or to commemorate long-serving employees. The practice has been expanded to cover other Stobart vehicles, including their sponsored sports cars and the Stobart Rail locomotive "Eddie the Engine".
With the expansion of the fleet, names have become harder to choose, and the fleet now features "Tuula Karina" (Finnish), "Angharrad" (Welsh), "Anstice" and "Saoirse Erin" (Irish, meaning 'Free Ireland'). Currently the vehicles with the shortest and longest names are "Nia" and "Gladys Duchess of Overton", both on Scania R420s.
There are some exceptions to the female naming convention (including Eddie the Engine). In 2005, in celebration of 20 years of Transformers Stobart named a MAN tractor "Optimus Prime" and recently during the filming of a television series entitled "Eddie Stobart: Trucks & Trailers" a Volvo FH12 was christened "Valentino" after Valentino Rossi, the legendary Italian motorcycle racer, which caused a furore among spotters.
Members of the Stobart Members Club can also request a name, providing it is not already in use, but currently there is a three-year waiting list. When the name does finally get added to a truck a certificate and letter is sent to the person who requested it.
In 2011 the Stobart Group announced that they would be holding an event called Stobart Fest. The event was originally planned to be held at their Crick Depot, but a week before the event it was announced that it would be held in conjunction with the British Touring Car Championship on Saturday 17 September 2011 at Rockingham Motor Speedway. They also announced that filming will take place on the day for the 3rd series of the Stobart Group TV show Eddie Stobart: Trucks & Trailers.
- Carlisle United FC - Shirt Sponsor
- Widnes Vikings Rugby League - Main Sponsor
- Stobart VK M-Sport Ford World Rally Championship team - title sponsor
- Manor House Stables LLP - Yard sponsor, home to racehorse trainer Tom Dascombe.
Sponsorship of the Professional Jockeys Association.
Stobart Motorsport supports various rally and motorbike teams.
Stobart Barristers Ltd (trading as Stobart Barristers) was launched in May 2012 and offers legal services.
In May 2007 the Stobart Group was the subject of controversy when it reportedly offered bonuses to its Carlisle-based drivers to work in Livingston in Scotland, to transport goods for Tesco who were in dispute with their distribution centre drivers and facing disruption to their supply chain. The Stobart drivers refused to cross the Livingston picket line.
Carlisle Lake District Airport
On 4 April 2008 controversy emerged surrounding the proposed developments to Carlisle Lake District Airport. In response to 63 apparently overly restrictive planning conditions placed on the development plans of Stobart Air, Andrew Tinkler apparently intended to move the Stobart haulage and warehousing operation out of Carlisle to Widnes, as a contingency 'plan B', asserting the redevelopment under the proposed condition would not be completed in time. By 8 April talks had proceeded, and centred on ten disputed points. On 10 April it was announced that Andrew Tinkler and Carlisle City Council leader Mike Mitchelson shook hands on a revised list of conditions for the plan. However the plans were called in by the Government and Andrew Tinkler withdrew the application.
In January 2011, Stobart Air submitted proposals to build a 394,000 sq ft Air Freight Distribution Centre on the site. Under the plans, Eddie Stobart would re-locate all its Carlisle depots to the airport, and there would be passenger flights to and from London Southend Airport, operated by Aer Arann, an airline 5%-owned by the Stobart Group through a 35 convertible preference shares of €1 each acquired on 10 November 2010. Further details on jobs and flights were supplied in support of the application in July 2011. A decision was finally reached on 3 August 2012 when Stobart Air was given permission by Carlisle City Council to develop the airport. However, on 21 March 2014 this planning permission was quashed, but Stobart Aviation said it would re-submit a proposal to re-develop Carlisle Lake District Airport in the future.
Stobart rally Ford Focus RS Elaine Katie'
- Eddie Stobart joining Stock Market Eddie Stobart News, 15 August 2007. Retrieved April 2008.
- Eddie Stobart merges with Westbury and goes public Commercialmotor.com, 15 August 2007
- Takeover announcement O'Connor Group, 15 August 2007. Retrieved April 2008.
- Irlam brothers sell to rival Eddie Stobart The Telegraph, 14 March 2008
- EGM approves acquisition Eddie Stobart News, April 2008. Retrieved April 2008.
- Stobart eyes profits despite soaring fuel costs The Times, 20 June 2008
- Eddie Stobart arrives in Ireland HGV Ireland, 5 April 2008
- Stobart deal saves 1300 jobs at Innovate Logistics Yorkshire Post, 1 July 2008
- "Stobart Group unexpected buyer of London Southend Airport from Regional Airports Ltd for GBP21 million". CAPA. 10 December 2008. Retrieved 14 April 2012.
- "Can this man finally help Carlisle Airport take off?". Cumberland News. 9 October 2009. Retrieved 14 April 2012.
- MP opens £7m Nestle hub This is Business East Midlands, 15 September 2009
- "AW Jenkinson and Stobart Group secure £5m deal with BSW Timber". Commercial Motor. 22 June 2010. Retrieved 14 April 2012.
- "Stobart to buy stake in Aer Arann". Retrieved 14 April 2012.
- Obituary: Edward Stobart Daily Telegraph, 31 March 2011
- "Stobart to raise £120m via placing and open offer". IB Times. 21 April 2011. Retrieved 14 April 2012.
- "Stobarts' buyback plans no transport of delight for confused investors". The Telegraph. 4 May 2011. Retrieved 14 April 2012.
- Fletcher, Richard (27 April 2011). "Stobart investors need some answers on proposed property buy-back". The Daily Telegraph (London).
- "Image of Eddie Stobart Limited livery". Retrieved 18 February 2010.
- Image of Eddie Stobart Limited livery, Boudica[dead link]
- "Image of an International Logistics strap line". Retrieved 18 February 2010.
- "Image of the updated wraparound livery". Retrieved 18 February 2010.
- Image of updated truck livery[dead link]
- "Image of Stobart white refrigeration livery". Retrieved 18 February 2010.
- Stobart haulage unveils expansion BBC News, 10 March 2008
- Rebranded Irlams Lorry Spotting - Image of new Stobart Irlam and O'Connor tractors in Stobart colours. This has now changed again; Irlam and O'Connor Tractor Units are now being re-branded with "Stobart" and StobartGroup.com.
- "Images of Stobart trailer with Irlam tractor, and vice versa". Lorryspotting.com. Retrieved 18 February 2010.
- "Image of a Stobart tractor hauling a Knauf trailer". Retrieved 18 February 2010.
- "Image of a new liveried Stobart tractor, hauling an old liveried trailer". Truckandlorryphotos.fotopic.net. 13 March 2006. Retrieved 18 February 2010.
- "Image of a Stobart tractor hauling a Tesco trailer". Truckandlorryphotos.fotopic.net. 14 March 2006. Retrieved 18 February 2010.
- "Image of the Stobart Rally trailer". Retrieved 18 February 2010.
- "Stobart Group maps out road to success for Vikings". Halton Borough Council. Retrieved 7 December 2007.[dead link]
- "Manor House Stables sponsored by Stobart Group". Manor House Stables LLP. Retrieved 3 March 2010.
- "RFL confirm Stobart as new Super League sponsor". Wakefield Express. 25 January 2012. Retrieved 19 February 2012.
- "Socialist Worker report". Socialistworker.co.uk. Retrieved 2 December 2011.
- Stobart Pulls Out Of Cumbria Carlisle News and Star , 8 April 2008
- Stobart and Council Edge Towards City Airport Deal Carlisle News and Star, 8 April 2008
- "News & Star". Newsandstar.co.uk. Retrieved 18 February 2010.
- "BBC News - New Carlisle Airport development plan submitted". Bbc.co.uk. 17 January 2011. Retrieved 2 December 2011.
- "Stobart Group submits extra detail for Carlisle Airport revamp plans". in-cumbria. 19 August 2011. Retrieved 2 December 2011.
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