Originally Posted by
highwideandugly
Ga sadly, in the eyes of the powers, contribute very little to the master plan unfortunately!
But looking at the latest financial figures published..any revenue is welcome?
And the latest financial figures from the Gazette for the 2020/2021 financial year:
Accounts for the airport show that just 14,521 people used Teesside as it made an operating loss of £13.4m in the year to the end of March 2021. Turnover fell 39% to £4.8m, from £7.7m in what director Phil Forster described as a “devastating” time for the aviation industry.
The Gazette then goes on to say:
During the year, the airport incurred costs of £2.73m relating to the termination of contracts. It was the same period in which airport operator Esken - then called Stobart Group - exited its role and transferred its 25% stake in the airport to a new charitable foundation, for a nominal consideration.
The announcement about Esken leaving was July 2021, so not in the year covered by the annual report - have the Gazette got it wrong?
https://www.gazettelive.co.uk/news/t...covid-23560888