13 DECEMBER 2010

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Article from BTNews 13 DECEMBER 2010

Eastern now the owner of Air Southwest

Sutton Harbour Plc has completed the sale of Air Southwest to Eastern Airlines.  It retains the leasehold ownership of Plymouth City Airport where it last year closed one of the two runways, which has now become a housing estate.

The sale is expected to result in a net cash outflow from Sutton Harbour of approximately £1.3m to Eastern.

The present Eastern fleet now comprises of 20 BAe J41 (29 seats), eight Saab 2000 (50 seats), a pair of Embraer 135 (37 seats), to which can be added five DHC/Bombardier Dash Eight 300 series (50 seats).  Please see COMMENT. www.airsouthwest.com

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