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Old 14th May 2009, 19:28
  #103 (permalink)  
goatface
 
Join Date: Aug 2003
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Expressflight.
OK, I accept that politics will rule the day on that one, although I know that the existing runway and airport infrastructure is totally unsuitable for any sort of operations by any aircraft of significant size.
Its not just a case of chucking down a bit of tarmac and putting up a Dutch Barn for a hangar.
The redevelopment requires a complete refurbishment and extension of the runway to allow a landing and take off distance of around 1800m or more.
This, along with the rebuilding of taxiways and apron, new runway lighting and approach aids is going to cost in the region of £20m. Don't forget that this all has to be done to CAA standards - not Stobart railway's.

Clearly many posters here have no idea what it costs to build and operate an airport or of what airlines demand in respect of start up costs.
Stobart Group may have made a profit of £23m, but they also have a group debt of £121m.
Their assets being little more than the debt, they are going to struggle to convince their shareholders and bankers that spending in excess of £20m with no projected return on the investment in the immediate future, is a viable proposition.

Pie in the sky.
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