Originally Posted by
PDXCWL45
It is a business that they own and like any shareholders they can choose to invest in the business or not. They don't do the day to day running and it looks to me like they leave any strategic planning of where the business is going up to the management. As you consider the management a joke then surely you should be happy that there are changes a foot!
As for the future in the next 2 to 5 years, as I'm just a planespotter and not a business guru I'd be asking how can the airport diversify its business through St Athan and maximising the potential of the land it holds to replace the lost income from reduced passengers while looking to build those passenger numbers back up.
As for calling Redrow to build houses ask how would it look to Welsh and foreign business and to inbound tourism if Wales doesn't have an airport?
Agree, Wales needs an airport. However it also needs to provide other essential services for residents and not an airport at any cost.
it also needs a focussed airport that is well run, on top of costs (especially when revenue falls of a cliff) and attempting to take some control of its own destiny (not blaming external factors).
if they can’t do this, can’t formulate a strategy and right size with the current climate then Wales will just have to be served from BRS, BHX and MAN.
if we are to subsidise heavily a £20m (small) business then I expect them to right size, slim down their senior management and other staff costs (minimal to reflect the size of the business) and reduce the burden to minimal on the Welsh taxpayer. I don’t believe a business of this size needs a Chairman, CEO, FD, Director of Ops, Head of HR, Head of Safety, Head of Commercial (!). to start with. This kind of structure might suit BRS and BHX but not this little airport on a £20m t/o. Last time I looked BRS t/o was around £85m and BHX £145m !