A few facts from the Peel spokesman Robert Hough to make it clearer for the Peel supporters on here.
This announcement by Peel was made in June 2016. That is the time the clock started toward the 5 year break point where Peel will decide what they do next?
The 5 year break point will be June 2021 according to the date of the interview.
What I haven't seen from the Peel supporters on here is any publication which shows the details of what the financial criteria will be which Hough refers to ??
https://www.gazettelive.co.uk/busine...rport-11522602
A short section of Mr Houghs public comments in June 2016. QUOTE:
"Secondly, there is an agreement we have entered into with the local authorities which is a framework under which we will give assurances for the future to keep open the airport for a period of 10 years with a break at five years or thereafter in the event of certain financial criteria not being met.
To do that, it is very rare for an airport operator particularly in a smaller regional airport to guarantee continuity for any period of time. These breaks provide options.
We can take certain decisions then to reduce the scale, or we could take the decision to close if those criteria were not being met.
These breaks are right. If the worst came to the worst and those financial criteria were not being met there would be options.
No one’s saying if those weren’t met in five years time, the airport would be automatically downgraded or closed but what we have to do as a sensible investor giving five or 10 year commitments is to say if the worst came to the worst we would have certain rights." End quote.
So back to my question, what is the financial criteria which Peel are talking about? Can the Peel supporters on here ask Mr Hough? Or maybe the COUNCILLORS can tell the press as those councillors want to give Peel millions of pounds from the public, which will come out of our council tax increases.