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Old 11th Jan 2021, 10:45
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ScotsSLF
 
Join Date: Nov 2010
Location: Scotland
Age: 64
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Good to see the airfield returning to profit in 2019-20 (£5.5m) although like all aviation related businesses the impact of Covid-19 will not be fully felt within these accounts and the 2020-21 figures will be more telling as to future prospects. However there are some positive noises coning from the directors as to the future but time will tell. The following quote from the report regarding the potential sale is worthy of note. . "The coronavirus pandemic continues to have a devastating impact on global aviation, creating challenging circumstances for all businesses operating in the sector. However, despite this the business remains in a strong financial position and an attractive asset and during the past few months have received notes of interest from potential buyers and investors." Let's see what pans out but well done to the PIK Management on the results for 2019-20. They have been maligned at every opportunity by sections of the press and other commentators but they have kept the old lady afloat. I still think the PAX operation is holding the airfield back but let's see what pans out.
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