The airline that operates Aer Lingus regional routes has been saved from collapse.

Stobart Air was purchased by the UK's Stobart Group this morning for an initial €344,000, and it could ultimately pay €9.45 million more.

Ian Guider, markets editor of the Business Post, joined us for the business news with this story and more, including:

• Former INM chairman wants inspectors withdrawn by High Court
• Bank of Ireland survey says consumer and business sentiment has plummeted
• Restaurants warn of permanent closures without government help
• Airbus warns its survival is at stakes as Lufthansa, Virgin and Norwegian Airlines say they need rescue cash immediately

Listen to the interview in full by pressing the play button on this page.