PPRuNe Forums - View Single Post - Shoreham Closed
Thread: Shoreham Closed
View Single Post
Old 15th April 2008 | 21:25
  #63 (permalink)  
Jetscream 32
20 Anniversary
 
Joined: Nov 2001
Posts: 584
Likes: 1
From: 1000ft above you, giving you the bird!
i spoke with kpmg yesterday afternoon to see if there was a deal to be done for the aviation portfolio - but the only asset eracinous had that was loss making was Shoreham - all of the other operating companies were either Longmint and nothing to do with the administration or as in the case of Fairoaks profitable and quickly placed into another assett vehicle of the group - therefore not requiring administration.

id be surprised if anyone can make money with shoreham..... not enough landing fees to cover the infrastructure costs.... thats why the council got out of it in the first place.... tennants have a right, with little opportunity to increase pricing, not many commercial options..... shame as a fabulous airfield

Jetscream 32 is offline  
Reply