London Southend Airport Owner Agrees To $173M Loan

London Southend Airport
Credit: John Keeble/Getty Images
LONDON—Esken, the parent company of defunct UK regional carrier Stobart Air, has negotiated a £125 million ($173 million) seven-year loan with Carlyle Global Infrastructure (CGI), convertible to a 30% stake in London Southend Airport (LSA). The fresh funding follows the twin blows of Stobart Air’s...

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