News & Star - Tom Beattie

The proposed takeover of Carlisle Lake District Airport has suffered a setback due to financing concerns.

Isle of Man-based operators Ettyl had announced in April that a deal had been reached for the sale of the airport.

But a spokesperson for current owners Esken told the London Stock Exchange that the "proposed financing for the transaction is no longer available".

They added that Ettyl was working on another potential source of financing.