Originally Posted by
LTNman
How can one return flight a night generate £900,000 in 5 months? At least now they can close the airport at night to save money and keep the locals happy.
Here you go
Esken anticipates that the impact on EBITDA for the remainder of FY23 will be in the order of c.£0.9m before exit fees receivable by Esken. There are exit fee provisions within the contract and the logistics customer will also pay fees related to its 60-day notice period. The FY24 impact on Esken's Aviation business is expected to be a c.£2.9m reduction in EBITDA, prior to any additional cost savings and/or new cargo agreements. The management team has been in discussions with other logistics businesses over the last twelve months to highlight the benefits of the operation at LSA. LSA employs 12 people within the cargo operation and Star Handling, formerly Stobart Aviation Services, employs 60 people in service of the global logistics partner contract.