COVENTRY
Flybe from CVT?
Wouldn't hold your breath - more chance of hitting fog!!
Why on earth would Flybe or Tiny want to incur extra costs in setting up another base a spit and a throw from one they already have? Especially trying to go up against the most competitive lo-co in the industry.?
Why on earth would Flybe or Tiny want to incur extra costs in setting up another base a spit and a throw from one they already have? Especially trying to go up against the most competitive lo-co in the industry.?
Join Date: Aug 2007
Location: coventry
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as i said just a thought.. but probably i wasn't clear enough, i was suggesting any airline who might be getting a little twitchy with ryanairs big, and maybe easy's presence at bhx. i guess i just want to see more pax flights from cvt from another airline if tom are to pull out.
Join Date: Jan 2007
Location: Tracey Island
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The Ryan base at BHX will not get anyone moving to CVT. If there was any chance of someone doing that it would have been Ryanair. Baby and Flybe are both happy at BHX. It's not in BHX's interest to do a deal that would lose as much as it would gain.
CVT should do something soon. Even the appeal won't help them. If they win it, they will only go back into the planning system. By the time they get there BHX will have all it's planning in place and CVT's needs for a larger terminal will look even less likely.
CVT should do something soon. Even the appeal won't help them. If they win it, they will only go back into the planning system. By the time they get there BHX will have all it's planning in place and CVT's needs for a larger terminal will look even less likely.
Join Date: Sep 2005
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cvt
CVT should just concentrate on general aviation + some freight and give up totally on the sheduled passenger front. Transfer Wizz and Thomson to BHX would be better for passengers who would at least have a terminal worth passing through!
Join Date: Jul 2005
Location: UK
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Well with a good road network all around CVT I hope they go for the freight option. Any business they get from low costs should just be considered a bonus not the way you keep your head above water.
Alternatively the site does have out of town shopping centre potential!!
Alternatively the site does have out of town shopping centre potential!!
Join Date: Jan 2007
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Play to it's strengths (Freight) with the addition of a top rate GA centre to attract top end A/C. It's either that or it will just fade away slowly. Death by attrition. No one wants to see it go. All this wouldn't have happened if Tfly had not used it as an experiment. They wanted to prove that running an airport was easy and they were being ripped off at other bases. To theirs and CVT's cost they found it wasn't as easy or cheap as they thought. As none of the established LoCo's are banging on the door its obvious that it will not work as they had hoped.
Join Date: Aug 2007
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I think the situation was actually that TUI owned the airport when Tfly commenced operations, but not when it was announced.
They bought the airport in the interim because the existing operator was having difficulty with the necessary preparations.
They bought the airport in the interim because the existing operator was having difficulty with the necessary preparations.
cash flow
I guess even with this very low level of activity the airport can keep going. If there are 10 controllers, 10 baggage guys 10 checkin staff and 10 fire men costing an average of, say £4000 per month. £160,000 per month in wages and there were 18,101 passengers that would only cost each passenger £10 each way. I wonder what the lease costs per month? It would be interesting to see the accounts. What would happen if the cash flow did become a problem? It is not like the operating company can cut anything or sell anything, what could they do?
Join Date: May 2002
Location: UK
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To be precise the airport has always been owned by Coventry City Council. TUI acquired the lease from Air Atlantique because AA were making such a mess of the planning application etc that it threatened the TOM startup. It was purely a distress purchase by TUI, their game plan was never to run an airport.
Bad Bear -
Employing bears is evidently expensive! I would average the employment costs at £500 per person per week (25k gross), plus 20% on-costs = £600 per week, or 2700 per month.
But that's not the whole picture. The airport gets much of its revenue from property deals, and everyone pays their bit. Whether it's Air Atlantique paying £x to lease their hangars and apron space, or the rent on the toilet cleaners' portakabin, it all finds its way to the airport's revenue line. Unless you know the total of these items, you are merely guessing....
Employing bears is evidently expensive! I would average the employment costs at £500 per person per week (25k gross), plus 20% on-costs = £600 per week, or 2700 per month.
But that's not the whole picture. The airport gets much of its revenue from property deals, and everyone pays their bit. Whether it's Air Atlantique paying £x to lease their hangars and apron space, or the rent on the toilet cleaners' portakabin, it all finds its way to the airport's revenue line. Unless you know the total of these items, you are merely guessing....
Join Date: Aug 2004
Location: uk
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accounts
You do not have to guess how much running the airport costs. The accounts for 2005 are on the companies house website for anyone with £1 to see. (the 2006 accounts are still overdue according to website).
in 2005 they had 155 operational staff and 21 management/admin.
The wages were £3,890,210 and staff bill was £4,431,909 after pensions and Social Security was added. Additionaly directors were paid £322,599.
the loss for 2005 was £1,062,887.
web site http://www.companieshouse.gov.uk/
in 2005 they had 155 operational staff and 21 management/admin.
The wages were £3,890,210 and staff bill was £4,431,909 after pensions and Social Security was added. Additionaly directors were paid £322,599.
the loss for 2005 was £1,062,887.
web site http://www.companieshouse.gov.uk/
Join Date: Jan 2006
Location: Warwick Uk
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These I would imagine are the returns of West Midlands International who are no longer the airport operating company, the current operator is CAFCO-C who although they have made returns to company house as far as I can see have never filed accounts.
Join Date: Aug 2004
Location: uk
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yes they are from West Midlands International accounts. The ownership gets very complex and it is possible that CAFCO-C still own all the shares of West Midlands International which still exists as a formal company.
At the end of 2005 the accounts state:- With effect from 30 December 2005, cafco (coventry) Limited acquired the entire share capital of the Company and is the ulitimate parent. I pointed to the accounts just so that the running costs can be worked out based on 2005.
At the end of 2005 the accounts state:- With effect from 30 December 2005, cafco (coventry) Limited acquired the entire share capital of the Company and is the ulitimate parent. I pointed to the accounts just so that the running costs can be worked out based on 2005.
Join Date: Aug 2007
Location: coventry
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thought i'd bring coventry back to front of PPRuNe's. the new wizz service to gdansk starts tonight. thats two. wonder how long for the next route to be announced. does anyone know how the (expected) pax figures are going for both destinations (katowice and gdansk) from cvt.
Join Date: Apr 2003
Location: Leamington Spa
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Any new cargo developments at Coventry? Seen an Italian Fokker 27 in most nights recently, and I have heard the airport wants to encourage GA and Business traffic.