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Old 30th Oct 2017, 00:08
  #75 (permalink)  
DublinPole
 
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The issue with some of the facilities at the airport and the infrastructure is now said to deteriorated further and now there is even more belief that it could be closed down before the end of the year as the board continue to be blocked from resolving the issue as PPL prevents and blocks them from raising finance, taking loans and other operational decisions despite PPL not having a majority shareholding.

PPL have repeated that the only way they will fund the airport or approve the actions of the board is in conjunction with a new business plan and majority ownership of the airport and for it to be operated as a duopoly along with Chopin Airport. They claimed that the other shareholders are risking the airports future by turning down their offers but the other shareholders are unhappy with the offers made by PPL.

PPL have this week suggested that they are getting tired of the impasse and if Modlin do not agree to sell up they will simply build another new airport in Warsaw which they would almost certainly be the sole share-holders, possibly with other parts of the Polish State or using Radom Airport as a new Warsaw area airport to act as a competitor to Modlin.

On the face of it, the threat to build another airport to compete with Modlin, may well be yet another tactic in order to try and intimidate the shareholders to sell up by giving them the feeling if they don't sell up, PPL will find another way to regain their stranglehold on airports in Warsaw by competing directly against Modlin.

Either way, PPL have made it clear that they are unhappy with the conditions and terms that Ryanair fly on and would like this changed as they view Modlin as simply an airport for Ryanair rather than an airport in its own right.
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