Ettyl raises concerns with Manx constabulary
Police on the Isle of Man are looking at issues with 'paperwork' which forms part of a Manx company's plans to purchase an airline.
Last week Esken – formally known as the Stobart Group – revealed a deal to sell its entire shareholdings, including a franchise agreement with Aer Lingus, had stalled.
This, it said, was due to buyer Ettyl Limited having problems with its proposed financing becoming unavailable.
Ettyl has confirmed to Manx Radio that it raised concerns with police as soon as it became aware of an issue with documents supplied by a proposed third party funder.
It adds that Ettyl is now in discussions with potential alternative providers of finance to progress the deal which also includes Carlisle Lake District Airport.
Esken says it will update the market in accordance with its listing obligations when there is 'more to say'.
'A lot of work to do' on low income housing
Public servants killed in the line of duty eligible for new award
Multi-million pound Villiers development recommended for approval
IoM 'must use voice on international stage'
Rosalind Ranson row draws to a close
'Not appropriate' for gov't to help individuals in struggling hospitality sector
