Eujet cease operations/Manston(Merged)
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'watch out' in the local paper, EUjet boss seeks court backing to continue flying. the man states that he is looking for a backer as he wasnt prepared to invest any of his own money,well theres a shock. it also says £500,000 is owed to staff not paid, this wouldnt be too big a dent in his bank ballance if he did the decent thing and paid the loyal hard workers that got him his money. he also says he is retiring,i thought he already did this.
there are too many questions in this sorry tale, and i would hope someone would request an inquiry as to who, why and how this all went tits up.
there are too many questions in this sorry tale, and i would hope someone would request an inquiry as to who, why and how this all went tits up.
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It is encouraging to read that there maybe an offer for the airport. My avaition involvment stands at 30 years and having spent a period at STN 72-74 and having seen the likes of LTN and a number of regional airports birth and growth, I cannot see who is going to purchase MSE. In the last 20 pages it has been said so many times that the airport has never made any monies nor attracted regular traffic (excepting GA and cargo). I believe it has even had a number of SSC charters but this is all history and it will take a blind man surely to invest. Futhermore if there are fiscal issues to resolve these may takes months or even years. That said I hope something does turn up as arriving at LHR today you realise what a dump it is and many must wish for flts from there local airports, hassle free.
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With the ever present benefit of hindsight, and assuming that the original intention of EUJet was to become a sucessful airline, it would seem that had they concentrated on the Spanish and similar routes, the story today might have been different. Eujet proved that there is a market from Manston for traffic fom Kent to Spain and although the average load factors for the airline never exceeded 54%, the Spanish routes must have approched an avarage of 80%. I personally flew as a Pax on nine return trips and all of these had at least 80 passengers and two were 100%. The early days of three flights to Manchester, Edinburgh Amsterdam per day, must have drained a fortune from the company coffers, and made a wound that the company never had the time to recover from. It still seems a doubtful decision by the Banks to withdraw support just as EU were about to fly what would probably have been their busiest three months ever, bearing in mind the reported 100,000 passengers who are now owed money for uncompleted flights. One assumes the would be purchasers for the Airfield would have access to the real figures, and perhaps they can see more of a future for Manston than is generally realised.
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Planestation promised the bank/other investors that they would have an average of 600,000+ pax six weeks ago, they couldn't achieve 300,000 two weeks ago. The remainder of the business plan was also going rapidly south - little wonder that the plug was pulled.
The only future Manston has would perhaps be as a freight airport, even that is extremely unlikely as there are many issues to sort out, which cannot be funded by the administrators.
A cash injection of £1m is required simply to get the place up and running, and that's assuming that key staff such as engineers and atco's can be persuaded to stay on the books.
No one in the private sector with any credibility will be interested, and no one in their right mind will stay if another job is available.
It doesn't look good.
The only future Manston has would perhaps be as a freight airport, even that is extremely unlikely as there are many issues to sort out, which cannot be funded by the administrators.
A cash injection of £1m is required simply to get the place up and running, and that's assuming that key staff such as engineers and atco's can be persuaded to stay on the books.
No one in the private sector with any credibility will be interested, and no one in their right mind will stay if another job is available.
It doesn't look good.
Buzz off with BAF!!
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niknak is right.
The only future for Manston that I can see is possibly
as a freight airport. Even then it is a poor location for trunk road and mainline rail access, unlike Coventry or East Midlands that
are very centrally situated.
However strange things happen,Ostend seems to be fairly successful with freight, and that's on the edge of the known
universe too!!
The only future for Manston that I can see is possibly
as a freight airport. Even then it is a poor location for trunk road and mainline rail access, unlike Coventry or East Midlands that
are very centrally situated.
However strange things happen,Ostend seems to be fairly successful with freight, and that's on the edge of the known
universe too!!
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Perhaps this article is approching the truth? taken from todays Kent Messenger,
Expert claims airline was doomed from first flight
by Trevor Sturgess
EUjet was a flawed business model that was bound to fail, according to an airline expert.
The low-cost airline and its owner PlaneStation, which also owns Kent International Airport at Manston, crashed into administration on July 26 after the Bank of Scotland pulled the plug on PlaneStation’s credit line, thought to be around £25million.
The collapse left thousands of passengers stranded overseas, cost hundreds of jobs and cast a shadow over the longer-term viability of scheduled services operated out of Kent.
It was also embarrassing to Kent County Council which had invested £100,000 in the fledgling airline to bring it to Manston.
One expert who long ago pointed out potential problems with EUjet is Dr Michael Grimes, an airline consultant based in Cork, Ireland, close to EUjet’s registered base in Shannon.
He warned Kent County Council, the Civil Aviation Authority and PlaneStation but says his warnings went unheeded.
Speaking to Kent Business as joint administrators at Grant Thornton attempted to sort out the financial affairs of PlaneStation and London Manston Airport Plc – Irish-registered EUjet is subject to different rules – Dr Grimes said the business model was flawed in his view.
He claimed the fare structure was unrealistically low and that the Fokker-100 aircraft used by EUjet were uneconomic and unreliable.
P J McGoldrick, the airline’s colourful Irish chief executive, whose son Stuart became EUjet commercial director, revealed that one plane had been out of service for most of the year.
Dr Grimes said: "They might have had a chance if they’d had a proper plane for the job but the Fokker-100 never made any money for anybody."
He claimed that leasing charges on the aircraft were exorbitant and he had serious concerns about P J McGoldrick. He was previously involved in Ryanair at a time when it was a loss-making airline.
Kent County Council was aware that Mr McColdrick was also involved with an airline that collapsed in 2000 with reported multi-million pound liabilities and the loss of hundreds of jobs.
Dr Grimes said he had sought an investigation into the running of EUjet and PlaneStation but no action was taken.
He claimed that his letters to KCC leader Sir Sandy Bruce-Lockhart went unanswered and telephone calls were blocked.
"These people have themselves to blame because all these deficiencies were notified to the relevant authorities, including Kent County Council, who did nothing."
He did not see much of a future for Manston as a passenger airport – it is already a successful freight terminal – except for shuttle services across the Channel.
Cllr Alex King, KCC Cabinet for regeneration, defended the council’s investment in a private sector venture.
"EUjet would not have come to Kent without that £100,000," he said. "I do not regret it for one moment.
"That was an investment that brought an airline to Manston. That airline has demonstrated you can fly those routes.
"We believe that Kent International Airport has demonstrated its viability over many years as a cargo airport. We believe EUjet, against tremendous difficulties in the aviation world, has demonstrated the potential for Manston as a passenger airport."
Andrew Conquest, a partner with Grant Thornton, said: "Our intention is to continue to operate the airport while we seek buyers for the business and we are currently reviewing the funding requirements to enable the airport to continue to operate in the short term."
Report from Kent Business
And here is part two, from the Kent Messenger
Questions still remain over EUjet collapse
by Trevor Sturgess
MYSTERY surrounds the delay in appointing administrators to failed airline EUjet.
While Grant Thornton partners are sorting out the financial affairs of PlaneStation, the airline’s parent company that collapsed with estimated debts of £22million, and subsidiary London Manston Airport Plc, EUjet is not subject to the same rules.
The Irish-registered operator, which was grounded last week with the loss of at least127 jobs and left more than 5,000 passengers stranded, is still run by its directors, including chief executive P J McGoldrick.
The airline is subject to Irish law and an "interim examiner" is understood to have been appointed but this person does not have the power of administrators.
Dr Michael Grimes, an airline consultant based in Ireland, said the delay suggested that the banks were happy with Mr McGoldrick.
"I would say he’s left PlaneStation holding the baby," Dr Grimes said.
Administrators asked awkward questions, he added. The present situation left EUjet creditors "in limbo" not knowing against which company to claim.
EUjet is clearly pinning the blame for its grounding on PlaneStation.
Callers to its Shannon offices are told that flights have been suspended "due to financial difficulties experienced by our parent company PlaneStation".
This has angered Grant Thornton which blames PlaneStation’s demise on EUjet.
A spokesman said: "The airline consistently failed to meet the numbers and ran out of money and at that point PlaneStation wasn’t in a position to offer any more."
At no time did the Bank of Scotland lend any money to EUjet, he said. It all went through PlaneStation.
PlaneStation kept pumping cash into the airline but the credit line eventually ran out.
"PlaneStation went to its bankers who said 'we’ve never lent a penny to an airline and we never will,"
Administrators hope their decision to keep around 70 staff at the airport will signal that it could quickly be brought back into use.
But they warn it could take months to find a "credible" buyer.
Meanwhile, Kent County Council, chastened by its failed gamble to pump £100,000 into EUjet, has rejected calls for an official investigation into what went wrong.
Cllr Alex King, Cabinet Member for Regeneration, said: "It would be unfortunate if anyone asked for a DTI inquiry."
He admitted KCC’s investment, from the Kings Hill development fund, had been a risk – he knew that many people had questioned EUjet’s viability – but risks had to be taken to lift the county.
The opportunity to get a passenger airline operating out of Manston was a major opportunity that could not be ignored.
And it was a significant achievement that EUjet had operated for nine months and carried more than 300,000 passengers.
He dismissed speculation that the airport, a key plank in KCC’s economic strategy, could be used for housing development.
"The county council is determined that Manston will play its part in the transport infrastructure of Kent as an airport," he said.
Well that's £100.000 of KCC's money down the toilet pan of life then!!!!!!!!!!!!!!!!!!!!!
Expert claims airline was doomed from first flight
by Trevor Sturgess
EUjet was a flawed business model that was bound to fail, according to an airline expert.
The low-cost airline and its owner PlaneStation, which also owns Kent International Airport at Manston, crashed into administration on July 26 after the Bank of Scotland pulled the plug on PlaneStation’s credit line, thought to be around £25million.
The collapse left thousands of passengers stranded overseas, cost hundreds of jobs and cast a shadow over the longer-term viability of scheduled services operated out of Kent.
It was also embarrassing to Kent County Council which had invested £100,000 in the fledgling airline to bring it to Manston.
One expert who long ago pointed out potential problems with EUjet is Dr Michael Grimes, an airline consultant based in Cork, Ireland, close to EUjet’s registered base in Shannon.
He warned Kent County Council, the Civil Aviation Authority and PlaneStation but says his warnings went unheeded.
Speaking to Kent Business as joint administrators at Grant Thornton attempted to sort out the financial affairs of PlaneStation and London Manston Airport Plc – Irish-registered EUjet is subject to different rules – Dr Grimes said the business model was flawed in his view.
He claimed the fare structure was unrealistically low and that the Fokker-100 aircraft used by EUjet were uneconomic and unreliable.
P J McGoldrick, the airline’s colourful Irish chief executive, whose son Stuart became EUjet commercial director, revealed that one plane had been out of service for most of the year.
Dr Grimes said: "They might have had a chance if they’d had a proper plane for the job but the Fokker-100 never made any money for anybody."
He claimed that leasing charges on the aircraft were exorbitant and he had serious concerns about P J McGoldrick. He was previously involved in Ryanair at a time when it was a loss-making airline.
Kent County Council was aware that Mr McColdrick was also involved with an airline that collapsed in 2000 with reported multi-million pound liabilities and the loss of hundreds of jobs.
Dr Grimes said he had sought an investigation into the running of EUjet and PlaneStation but no action was taken.
He claimed that his letters to KCC leader Sir Sandy Bruce-Lockhart went unanswered and telephone calls were blocked.
"These people have themselves to blame because all these deficiencies were notified to the relevant authorities, including Kent County Council, who did nothing."
He did not see much of a future for Manston as a passenger airport – it is already a successful freight terminal – except for shuttle services across the Channel.
Cllr Alex King, KCC Cabinet for regeneration, defended the council’s investment in a private sector venture.
"EUjet would not have come to Kent without that £100,000," he said. "I do not regret it for one moment.
"That was an investment that brought an airline to Manston. That airline has demonstrated you can fly those routes.
"We believe that Kent International Airport has demonstrated its viability over many years as a cargo airport. We believe EUjet, against tremendous difficulties in the aviation world, has demonstrated the potential for Manston as a passenger airport."
Andrew Conquest, a partner with Grant Thornton, said: "Our intention is to continue to operate the airport while we seek buyers for the business and we are currently reviewing the funding requirements to enable the airport to continue to operate in the short term."
Report from Kent Business
And here is part two, from the Kent Messenger
Questions still remain over EUjet collapse
by Trevor Sturgess
MYSTERY surrounds the delay in appointing administrators to failed airline EUjet.
While Grant Thornton partners are sorting out the financial affairs of PlaneStation, the airline’s parent company that collapsed with estimated debts of £22million, and subsidiary London Manston Airport Plc, EUjet is not subject to the same rules.
The Irish-registered operator, which was grounded last week with the loss of at least127 jobs and left more than 5,000 passengers stranded, is still run by its directors, including chief executive P J McGoldrick.
The airline is subject to Irish law and an "interim examiner" is understood to have been appointed but this person does not have the power of administrators.
Dr Michael Grimes, an airline consultant based in Ireland, said the delay suggested that the banks were happy with Mr McGoldrick.
"I would say he’s left PlaneStation holding the baby," Dr Grimes said.
Administrators asked awkward questions, he added. The present situation left EUjet creditors "in limbo" not knowing against which company to claim.
EUjet is clearly pinning the blame for its grounding on PlaneStation.
Callers to its Shannon offices are told that flights have been suspended "due to financial difficulties experienced by our parent company PlaneStation".
This has angered Grant Thornton which blames PlaneStation’s demise on EUjet.
A spokesman said: "The airline consistently failed to meet the numbers and ran out of money and at that point PlaneStation wasn’t in a position to offer any more."
At no time did the Bank of Scotland lend any money to EUjet, he said. It all went through PlaneStation.
PlaneStation kept pumping cash into the airline but the credit line eventually ran out.
"PlaneStation went to its bankers who said 'we’ve never lent a penny to an airline and we never will,"
Administrators hope their decision to keep around 70 staff at the airport will signal that it could quickly be brought back into use.
But they warn it could take months to find a "credible" buyer.
Meanwhile, Kent County Council, chastened by its failed gamble to pump £100,000 into EUjet, has rejected calls for an official investigation into what went wrong.
Cllr Alex King, Cabinet Member for Regeneration, said: "It would be unfortunate if anyone asked for a DTI inquiry."
He admitted KCC’s investment, from the Kings Hill development fund, had been a risk – he knew that many people had questioned EUjet’s viability – but risks had to be taken to lift the county.
The opportunity to get a passenger airline operating out of Manston was a major opportunity that could not be ignored.
And it was a significant achievement that EUjet had operated for nine months and carried more than 300,000 passengers.
He dismissed speculation that the airport, a key plank in KCC’s economic strategy, could be used for housing development.
"The county council is determined that Manston will play its part in the transport infrastructure of Kent as an airport," he said.
Well that's £100.000 of KCC's money down the toilet pan of life then!!!!!!!!!!!!!!!!!!!!!
Rebel PPRuNer
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Take anything Michael Grimes says with a barrel of salt.
See his website if you want to know why:
http://www.kellstransportmuseum.com/
also google Michael Grimes and "High Court" for more such as:
his disqualification as a liquidator/examiner and restrictions in holding company officerships by the High Court and the dismissal of his appeals by the Supreme Court. see page 3 of this pdf
Indeed, this 2002 judgement of Mr Justice Francis D Murphy shows many reasons why Dr Grimes has no reasons to be throwing stones from his glasshouse.
See his website if you want to know why:
http://www.kellstransportmuseum.com/
also google Michael Grimes and "High Court" for more such as:
his disqualification as a liquidator/examiner and restrictions in holding company officerships by the High Court and the dismissal of his appeals by the Supreme Court. see page 3 of this pdf
Indeed, this 2002 judgement of Mr Justice Francis D Murphy shows many reasons why Dr Grimes has no reasons to be throwing stones from his glasshouse.
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Closure could be a lot longer than the 13th August, if this guy's deal comes off!!
Space camp idea for airport site
A skeleton staff has been kept on at Manston while a buyer is sought
Proposals are being heard on Wednesday for a space centre to be based on the site of Kent International Airport.
Businessman Alan Cornwell, 63, from Meopham, is discussing his idea at a preliminary meeting with Thanet council's economic development unit.
He wants to set up a "space camp" with interactive learning exhibits for children and adults.
The Manston airport was shut down after its operator PlaneStation went into administration at the end of July.
Mr Cornwell said he currently had "nothing at all" in terms of finance for the project, but was confident of being able to fund it.
"It's only been over the past two weeks when I was reading in the newspapers about the unemployment in the area [after the collapse of PlaneStation and EUjet], and I think that this could encourage employment in a big way," he said.
A space centre is already due to be up and running in Queensland, Australia, in the next couple of years, according to Mr Cornwell.
It's like training at Nasa, but for the public
He said the developments would include eight domed areas with flight and weightlessness simulators and mission control mock-ups.
"It's like the space camps they have in America, it's an education centre more than anything else.
"It's like training at Nasa, but for the public."
Mr Cornwell said building a space centre at Manston could cost about £20m.
Administrators Grant Thornton are looking to sell PlaneStation and the airport "as a going concern".
A spokesman said serious expressions of interest would be considered, but they would have to be formal offers with a "realistic business plan and financial backing
Space camp idea for airport site
A skeleton staff has been kept on at Manston while a buyer is sought
Proposals are being heard on Wednesday for a space centre to be based on the site of Kent International Airport.
Businessman Alan Cornwell, 63, from Meopham, is discussing his idea at a preliminary meeting with Thanet council's economic development unit.
He wants to set up a "space camp" with interactive learning exhibits for children and adults.
The Manston airport was shut down after its operator PlaneStation went into administration at the end of July.
Mr Cornwell said he currently had "nothing at all" in terms of finance for the project, but was confident of being able to fund it.
"It's only been over the past two weeks when I was reading in the newspapers about the unemployment in the area [after the collapse of PlaneStation and EUjet], and I think that this could encourage employment in a big way," he said.
A space centre is already due to be up and running in Queensland, Australia, in the next couple of years, according to Mr Cornwell.
It's like training at Nasa, but for the public
He said the developments would include eight domed areas with flight and weightlessness simulators and mission control mock-ups.
"It's like the space camps they have in America, it's an education centre more than anything else.
"It's like training at Nasa, but for the public."
Mr Cornwell said building a space centre at Manston could cost about £20m.
Administrators Grant Thornton are looking to sell PlaneStation and the airport "as a going concern".
A spokesman said serious expressions of interest would be considered, but they would have to be formal offers with a "realistic business plan and financial backing
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I am saying again in addition to other posters...... will MSE ever make it as a Regional VIABLE (Keyword) Airport.?? Never.
Will Campbeltown.?? or Wick.?? or Sheffield.?? NO...for the same reason.!! No catchment area, therefore no Pax. Geography dictates end of the road and also end of the coastline. Good little airport for Canterbury and environs, but that is not enough for a viable airport with lots of Pax. The demise of EU jet was foreseeable as was the Lydd operation. The only winner was Seabourne who set up a lease with the MOD and sold it to Wiggins. Clive Bourne took his money and made a big profit...well done CJB.
Will Campbeltown.?? or Wick.?? or Sheffield.?? NO...for the same reason.!! No catchment area, therefore no Pax. Geography dictates end of the road and also end of the coastline. Good little airport for Canterbury and environs, but that is not enough for a viable airport with lots of Pax. The demise of EU jet was foreseeable as was the Lydd operation. The only winner was Seabourne who set up a lease with the MOD and sold it to Wiggins. Clive Bourne took his money and made a big profit...well done CJB.
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I am saying again in addition to other posters...... will MSE ever make it as a Regional VIABLE (Keyword) Airport.?? Never.
Will Campbeltown.?? or Wick.?? or Sheffield.?? NO...for the same reason.!! No catchment area, therefore no Pax.
Will Campbeltown.?? or Wick.?? or Sheffield.?? NO...for the same reason.!! No catchment area, therefore no Pax.
Campbelltown, true. Wick, true. But Sheffield is the fourth biggest city in England, and SZD's infrastructure connections (proximity to M1 and other motorways, train and tram) were equal, if not better than DSA. Manston was not viable, whereas SZD was run into the ground because the operators had conflicting interests at DSA where the potential for expansion was better, and because if proven not to be viable, they could buy SZD off the city (who largely bankrolled it's development) for nothing and then make a mint selling off the land to developers.
Right, that should have lit the touchpaper, I'm off to hide now...
*j*
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Jamesbrown, sorry Sheffield airport was not run into the ground by Peel, although maybe when they took over they had little interest in it as anything more as an airfield for club, private and business jet operations.
The fact is that Sheffied has was built with a too short a runway and when it originally opend it was not allowed to operate single engined aircraft although this has changed. The problem was that although there where operators willing to use the place this was to little to make the place viable. If they had had the single engined stuff from the begining this might of been different. Then on top of this 9/11 happend and airport around the world were effected. Sheffield unfortunately was unable to cope, new airport that had been constrained from the word go just wasn't going to survive in that climate as an airport offering scheduled flights.
The fact is that Sheffied has was built with a too short a runway and when it originally opend it was not allowed to operate single engined aircraft although this has changed. The problem was that although there where operators willing to use the place this was to little to make the place viable. If they had had the single engined stuff from the begining this might of been different. Then on top of this 9/11 happend and airport around the world were effected. Sheffield unfortunately was unable to cope, new airport that had been constrained from the word go just wasn't going to survive in that climate as an airport offering scheduled flights.
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Now, now children.
EUjet's failure, and the dragging down of MSE has nothing whatsoever to do with the geographical location of the airport.
The demise of the airline was down to greed and stupidity. Simple as that.
And before anyone tells me I don't know what I'm talking about...put your credentials on the line and we can compare!
EUjet's failure, and the dragging down of MSE has nothing whatsoever to do with the geographical location of the airport.
The demise of the airline was down to greed and stupidity. Simple as that.
And before anyone tells me I don't know what I'm talking about...put your credentials on the line and we can compare!
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Sic transit gloria mundi....
And sheer incompetence......
As you pinpointed many times Slim
but they didn't like the whistleblower
serve them right.....no place for improvisation
in this fierce competition.....
Vae Victis !!!
As you pinpointed many times Slim
but they didn't like the whistleblower
serve them right.....no place for improvisation
in this fierce competition.....
Vae Victis !!!
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TGA Manston
Great news about TG being able to fly again!
Well done Mark and his team... real shame you were all caught up in all the PTG miss-doings but at least you can move forwards again!
Well done Mark and his team... real shame you were all caught up in all the PTG miss-doings but at least you can move forwards again!
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EUjet Valuable AOC
Synopsis from a regional newspaper:
Accountant John McStay has been appointed by the Dublin High Court as Examiner to EU Jetops Ltd in an effort to rescue the business.
.....in order for EU Jetops to survive, the company would have to relocate all its operations back to Shannon.....scale back on staff....recommence leasing aircraft... with the aim of securing 44 core jobs in the company.
The company still holds a valuable Airline Operating Certificate and one of the options available to the company is to find a new investor that owns aircraft and needs an Irish certificate.
€6.2m would be refunded to customers who paid by credit card....but cash-paying customers would not be receiving any refund, the High Court has heard.
Accountant John McStay has been appointed by the Dublin High Court as Examiner to EU Jetops Ltd in an effort to rescue the business.
.....in order for EU Jetops to survive, the company would have to relocate all its operations back to Shannon.....scale back on staff....recommence leasing aircraft... with the aim of securing 44 core jobs in the company.
The company still holds a valuable Airline Operating Certificate and one of the options available to the company is to find a new investor that owns aircraft and needs an Irish certificate.
€6.2m would be refunded to customers who paid by credit card....but cash-paying customers would not be receiving any refund, the High Court has heard.
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can anyone tell me who David Curtiss and Alistair Robinson are?I am very concerned because on two occasions was given completely incorrect information regarding the B747 S2-ADT that has been parked at manston since Feb.05. Is there perhaps another B747 parked there as well?