SOUTHEND - 4
Stobart bond issue
My understanding of the now discontinued Stobart bond issue is that its stated purpose was to raise £25 million partly to replace some existing loans, and partly for general expansion of the business. It appears not to have been linked publicly to any particular project.
It seems there was poor take up by retail investors, and Stobarts attributed this to the entry into the market of larger bond issues at higher coupon. They have said they would still consider using this method of raising finance in the future.
It seems there was poor take up by retail investors, and Stobarts attributed this to the entry into the market of larger bond issues at higher coupon. They have said they would still consider using this method of raising finance in the future.
Last edited by Tagron; 5th Dec 2012 at 09:15.
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OLTexpress
It comes as no surprise that the DRS flights will not start up again following competition from CityJet into LCY. We now wait for news from EZY and the new Join! airlines.
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..... and another rumour concerns Skywork, who apparently are giving serious consideration to SEN as an alternative to LCY for their Bern schedule due to the rising landing charges at LCY......
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Skywork
I love the idea of poaching business from other airports.....back in the 70s and 80s, Stansted and Gatwick poached traffic away from SEN, and we were left with nothing.....so I hope Stobart is going out and offering some good deals.
Last edited by tophat27dt; 5th Dec 2012 at 19:44.
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AMBITIOUS plans to create 6,200 jobs on new business parks around Southend Airport have been rubber-stamped.
Southend Council has approved the final version of its joint area action plan - a blueprint drawn up with colleagues at Rochford District Council to set out the future of land around the airport.
Southend Council has approved the final version of its joint area action plan - a blueprint drawn up with colleagues at Rochford District Council to set out the future of land around the airport.
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Encouraging words from EZY on the SEN website:
Hugh Aitken, easyJet UK Commercial Manager commented"London Southend Airport is our newest and fastest growing UK base with over 400,000 passengers travelling with easyJet since its opening in March this year. We’re fully committed to delivering services from the airport which meets the needs of business and leisure travellers alike and sure that this new route will prove very popular.”
Hugh Aitken, easyJet UK Commercial Manager commented"London Southend Airport is our newest and fastest growing UK base with over 400,000 passengers travelling with easyJet since its opening in March this year. We’re fully committed to delivering services from the airport which meets the needs of business and leisure travellers alike and sure that this new route will prove very popular.”
Barling - much as I'd like to believe in it, you're quoting nothing more than a standard corporate press release that happens to be from Easyjet. The comment you're quoting is just something that the Echo can quote in a news article for publication - Easyjet are not saying anything of substance to which they are committed - it's just warm and fluffy waffle that might attract a few more bookings from the residents of Southend in the hope that they have an airport that can compete with Gatwick on their doorstep.
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Originally Posted by davidjohnson6
Barling - much as I'd like to believe in it, you're quoting nothing more than
a standard corporate press release that happens to be from Easyjet.
Southend Airport is our newest and fastest growing UK base with over
400,000 passengers travelling with easyJet since its opening in March this
year.
400,000 passengers travelling with easyJet since its opening in March this
year.
Ernest - what I mean is that a comment in a corporate press releases is just designed to make Easyjet sound warm and fuzzy and a general good egg in the world. Easyjet won't *lie*, but this kind of comment is essentialy just corporate waffle, and in this case the comment about Easyjet's commitment to Southend is meaningless drivel which can be reversed in an instant if Ms McCall so desires.
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and in this case the comment about Easyjet's commitment to Southend is
meaningless drivel which can be reversed in an instant if Ms McCall so
desires.
LS were pledging support for BLK, even while they had took BB to court over opening hours, and they won.
Actually I think the reaction to davidjohnson6's comment was a little harsh. What he said is basically true and while it's nice to see easyJet saying in print that they are "fully committed" to SEN it really is only the usual corporate-speak.
Let's please try to be a bit more tolerant when people say things we might not necessarily like nor agree with. The last five posts give me a feeling of deja vu unfortunately.........
Let's please try to be a bit more tolerant when people say things we might not necessarily like nor agree with. The last five posts give me a feeling of deja vu unfortunately.........