Airshow 2007
from the BBC site:
The 2007 Kent Air Show has been cancelled but will return in 2008, Thanet council has said.
Organisers have told the authority they cannot take any financial risk over the event, said Councillor Roger Latchford.
He said that would mean the council having to underwrite the show by £300,000 instead of £30,000 as in 2006.
"The sad fact is the underwriting required would be 10 times the amount of previous years. We can't take that risk with taxpayers' money," he said.
He added that the council needed a commercial operator to take the remainder of the risk, which had not proved possible.
Aerial displays
"We are already working towards putting the Kent Air Show Margate on in 2008 and are talking to other operators," he said.
An event featuring music, clowns, entertainers, trapeze artists and pyrotechnics will take place at Palm Bay on 16 and 17 June instead of the air show.
It will also include aerial displays on both days, the council said.
Margate's first air show in 2005 included a Red Arrows display and the Battle of Britain Memorial Flight, with Harriers, Spitfires and Hurricanes on display.
In 2006, a single-seater Eurofighter Typhoon combat aircraft was exhibited as the show's major highlight. Other features included the Red Arrows, the latest fast jets, fighters, bombers, WWII aircraft and parachute displays.