"MME, whilst still making a (very) small loss, is in no debt whatsoever."
Well, technically correct, but the last set of published statutory accounts do include the little matter of £23,795,748 of "Other short-term finance", which is presumably cash from Peel shoring up the operation.
It seems that round 3 of the regional growth fund was announced in December last year, with bids being accepted between late Feb and mid June this year. It would seem likely that when Peel Investments purchased the airport from Peel Airports, they would have been aware of the existence of the fund.
The comments from Peter Nears seem quite interesting - looks like he has been told unofficially the money is not coming, but he can't say anything publicly without breaching a confidence.
“We have as yet received no official indication from the Government as to the outcome of our bid for support from the Regional Growth Fund for the Southside Scheme. We will clearly need to review the news if, and when, it is confirmed, but it would be a great disappointment as it was a scheme that was well advanced with occupier interest and it would have produced much needed activity at the Airport as well as create jobs. We remain committed to the delivery of the scheme which is important for the long term prosperity of the Airport.”
How critical is the hoped-for money to the Peel Investments business plan ? The phrase "important for the long term prosperity of the airport" is worrying...
As a slightly more general question, what have Peel Investments said publicly about their business plan for MME over the next few years ?
Last edited by davidjohnson6; 18th Oct 2012 at 14:04.
good idea but unlikely... that's all sorted I am led to believe and all covered by......passengers,concessions, movements and freight!
sorry to say although they were saddled by a debt by parkin(i think)(leeds watch out!!) they have sorted the finances out with lots of firm interest.Unfortunately..you cant say that about here...as mentioned earlier the clock is now ticking..even quicker.
bTW has anyone noticed there is even no radar available(check the notams and RT from the radar guy) and will be that way for some time..surely not a good offering to the airlines?
ok i see..do we have our own ssr? or are we dependent on others for that?
what happens if that ssr fails and the radar stll not working?
i suppose its more a fact thats its been off for sometime,,is this just another lack of investment to go with everything else? maybe all aircraft should pay a £6 fee to use the equipment just like the passengers have, to use the facilities!! (joke!!)
As far as I remember the SSR is at MME. If all failed then keep a good lookout for traffic as one should anyway and go for the visual approach backed up with instruments if necessary or if the weather is crap then perhaps procedural approach having received a service from elsewhere NCL/ military before switching to tower?
DTVA chairman Robert Hough said the company would be demanding an explanation from ministers after the RGF bid was turned down.
In a statement issued after the bid was discussed at the airport’s monthly management meeting yesterday, Mr Hough said: “The airport has now been notified officially that the Regional Growth Fund bid for £5.9m in support of the Southside development was unsuccessful. “The directors expressed acute disappointment and will be seeking an explanation for the decision.”
However, Mr Hough said the board had reaffirmed its commitment to pursuing the Southside scheme which he said was “vital to providing sustainable aviation at the airport”