The newly rebranded Aer Arann business, Stobart Air, has signed a five-year deal to operate six new routes from London for European regional airline FlyBe.

Aer Arann is to change its name to Stobart Air and focus on adding more franchise partnerships with major European airlines as part of a reinvention strategy for the company.

Aer Arann, operating as Aer Lingus Regional, is on an upward curve and bucking the problematic trend being experienced by other European regional airlines.

The London market made nervous gains today as traders waited for the details of a eurozone rescue plan set to be hammered out a crunch meeting of politicians.

A rescue plan for regional airline Aer Arann is expected to be outlined later today in court.

London’s blue chip share index steamed 1.4% ahead today thanks to a boost from cheery news on the world’s biggest economy.

The FTSE 100 Index edged lower today as banking stocks bore the brunt of a cautious note on the sector from analysts at Credit Suisse.

The owner of the famous Eddie Stobart haulage firm said today it was confident of “further strong profit growth” in the current financial year.