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Old 8th Mar 2011, 11:55
  #4006 (permalink)  
Alvechurch
 
Join Date: Aug 2007
Location: UK
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The sad thing is, if Mr Kehoe hadn't spent £13 million turning 2 terminals into one, (what a great marketing ploy that is) apparently claiming it would increase efficiency and save costs, and then spent yet more money 'rebranding' there would now be enough money to get cracking on the runway extension.
To me, the mystery is, at the time the airport shares were sold, the Canadian and New Zealand Teachers pension funds buying in were supposed to have legally committed to provide funds for the runway extension as part of the deal.
Where's that money gone? Was there a time clause which allowed them to wriggle out of the committment if the work didn't begin by a certain date?
It certainly wasn't lack of money as far as the Canadians were concerned, while BHX dithered they went off and bought Bristol Airport!
I'm afraid that despite his brave words, Mr Kehoe still shows reluctance to get a grip on the runway extension scheme, it seems his heart just isn't in it.
Mr Kehoe is on a salary of £200,000 plus bonuses.
According to the Birminham Mail, for year 2009/2010 his bonus amounted to £186,000 giving a total of £386,000.
For this sort of money, we really should be seeing some positive results by now.
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