DURHAM TEES VALLEY AIRPORT - 4
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It's worth remembering that Peel bought us thinking they weren't going to get permission to tart up DSA, so when they did get permission at DSA, we were pushed aside.
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"Peel appear to have spent nearly £5 million pounds at the airport since their takeover and must be subsidising the running costs on a month to month basis."
maybe, but to a company with £4.5 Billion assets that's (very)small potatoes. The acquisition of 300 acres of land for 1/2 million quid, whether or not it has an airport on it, was a good deal, and with local authorities incapable of resisting any planning application for brownfield land use, it's a long term punt with inevitably a lucrative return in ten years time.
And don't dismiss the idea of Housing, Ingleby Barwick was once a farm, and was "never going to happen"
maybe, but to a company with £4.5 Billion assets that's (very)small potatoes. The acquisition of 300 acres of land for 1/2 million quid, whether or not it has an airport on it, was a good deal, and with local authorities incapable of resisting any planning application for brownfield land use, it's a long term punt with inevitably a lucrative return in ten years time.
And don't dismiss the idea of Housing, Ingleby Barwick was once a farm, and was "never going to happen"
grapevine
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"Peel appears to have spent nearly £5 million pounds at the airport since their takeover and must be subsidizing the running costs on a month to month basis."
Parsnip I note your comment that DTV is "Very small Potatoes" & accepting that it takes "one vegetable to know one"
, I feel that in this case this a more sentiment comment than knowledge. Well run companies large or small run their business based on cost centers & constantly review individual profitability, & in DTV's case perhaps they are simply deferring losses. I can't see them in any way ignoring them based upon some overall materiality argument.
Last edited by skyman771; 29th Jan 2009 at 15:59.
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Masterplan details revealed in latest Press Release
The development project to expand facilities at Durham Tees Valley Airport is to be handed over to a local builder from Darlington as the current recession has had a dramatic effect on Peel Airport’s budgets. The availability of vital corporate funding has all but disappeared due to the reluctance of the financial sector to loan money. The original cost of the planned expansion was put at over £56m, but DTVA Operations Director Kerry Quinn announced today that the project would now be completed for a total cost of £30,000, or ‘a bit less for cash in hand’.
‘We had three quotes submitted from different builders,’ said Ms Quinn, ‘and Mike Davis & Son from Darlington came in with the best price and a guarantee to finish the job in the next six months ‘depending upon other work.’ Davis was reportedly delighted to have been awarded the contract after George Wimpey’s failed to offer any assurances that they could deliver the new terminal and south side development at a vastly reduced price. ‘This project is a bit of a step up for my company,’ admitted Davis, ‘I only own a ten year old Transit van and up until now we’ve done mostly loft conversions, kitchen extensions, that sort of thing. But I’ve got some paving stones and a few solar powered lights left over from a patio job I did, so at least we can use those to make a start on a new parallel taxiway.’
Ms Quinn and her colleagues were said to have been highly impressed by Davis’s artists’ impression of the new terminal building which he drew for them on the back of an old envelope. Asked whether it would still be possible to include the state of the art water feature that had been planned to go outside the new entrance, Davis said ‘the alternative may not now be huge, but on the plus side it would feature a small sculpture of a gnome relaxing on a rock, and a plastic heron searching for goldfish’. Davis also pointed out to Ms Quinn that construction of some of the planned concession outlets may not make it into the new building, but she was apparently more than happy to implement a contingency plan to sell burgers, drinks, magazines, and assorted socks and ties from a market stall in the car park.
Davis continued by saying ‘The company is really me and my son, but we have one or two labourers to call on if we need them, as well as my dad who’s now retired but still likes to keep his hand in. ’Ms Quinn said, ‘To be able to utilise the skills of a local builder provides a real feel good factor because after all, the planned Airport expansion is always promoted as being one of the most high profile developments in the area by both Local Government and business leaders. I have every confidence that Mr Davis will give us a wonderful facility to be proud of. All in all we are really comfortable with the revised plans and look forward to welcoming around 3 million passengers by the end of this year, or maybe 2010 if the plasterboard fails to turn up on time.’
‘We had three quotes submitted from different builders,’ said Ms Quinn, ‘and Mike Davis & Son from Darlington came in with the best price and a guarantee to finish the job in the next six months ‘depending upon other work.’ Davis was reportedly delighted to have been awarded the contract after George Wimpey’s failed to offer any assurances that they could deliver the new terminal and south side development at a vastly reduced price. ‘This project is a bit of a step up for my company,’ admitted Davis, ‘I only own a ten year old Transit van and up until now we’ve done mostly loft conversions, kitchen extensions, that sort of thing. But I’ve got some paving stones and a few solar powered lights left over from a patio job I did, so at least we can use those to make a start on a new parallel taxiway.’
Ms Quinn and her colleagues were said to have been highly impressed by Davis’s artists’ impression of the new terminal building which he drew for them on the back of an old envelope. Asked whether it would still be possible to include the state of the art water feature that had been planned to go outside the new entrance, Davis said ‘the alternative may not now be huge, but on the plus side it would feature a small sculpture of a gnome relaxing on a rock, and a plastic heron searching for goldfish’. Davis also pointed out to Ms Quinn that construction of some of the planned concession outlets may not make it into the new building, but she was apparently more than happy to implement a contingency plan to sell burgers, drinks, magazines, and assorted socks and ties from a market stall in the car park.
Davis continued by saying ‘The company is really me and my son, but we have one or two labourers to call on if we need them, as well as my dad who’s now retired but still likes to keep his hand in. ’Ms Quinn said, ‘To be able to utilise the skills of a local builder provides a real feel good factor because after all, the planned Airport expansion is always promoted as being one of the most high profile developments in the area by both Local Government and business leaders. I have every confidence that Mr Davis will give us a wonderful facility to be proud of. All in all we are really comfortable with the revised plans and look forward to welcoming around 3 million passengers by the end of this year, or maybe 2010 if the plasterboard fails to turn up on time.’
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Toadpool : assets of £4.5Bn are worth £4.5 Bn if the valuation is done "in the present climate"
Skyman: I don't understand, where did I say Peel would be ignoring their losses.There is nothing sentimental about my comment, it is made with the benefit of a reasonable degree of knowledge and a cynical, but often IMHO accurate, nose for these things. Here on Teesside we've seen it all before.
Skyman: I don't understand, where did I say Peel would be ignoring their losses.There is nothing sentimental about my comment, it is made with the benefit of a reasonable degree of knowledge and a cynical, but often IMHO accurate, nose for these things. Here on Teesside we've seen it all before.
Join Date: Aug 2004
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Passenger numbers at Robin Hood ( Possibly a worse name than Durham Tees Valley ) have also dropped off a cliff.
Is there a thread running through this?
Is there a thread running through this?
Though i think the plan for DSA was dead in the water (dont understand how it got the go ahead) you have to admit that they have TOM, who have a big foot in the door as regards to package holidays. They have neglected LBA and HUY and that will be DSA's saving grace i believe. Whether Peel can afford to hang onto it is another matter.
Someone mentioned DTV operating at a loss, does anyone know how long it has been running at a loss? I would have thought that with its LHR/AMS flights it could have been turned into profit as at HUY, until recently. Is it a lack of traditional charter flights or Peel operating the place like its LPL expecting revenue from pax through the terminal?
Someone mentioned DTV operating at a loss, does anyone know how long it has been running at a loss? I would have thought that with its LHR/AMS flights it could have been turned into profit as at HUY, until recently. Is it a lack of traditional charter flights or Peel operating the place like its LPL expecting revenue from pax through the terminal?
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Though i think the plan for DSA was dead in the water (dont understand how it got the go ahead) you have to admit that they have TOM, who have a big foot in the door as regards to package holidays. They have neglected LBA and HUY and that will be DSA's saving grace i believe. Whether Peel can afford to hang onto it is another matter.
Like Coventry you mean ???
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Free Bus Service Terminated
I have just read that the free bus service '737' for air passengers from Darlington Rail Station to DTVA has also now been stopped as of 25th Jan.. not financially viable any more.. another nail..
"A free bus service to Durham Tees Valley Airport is being axed due to ‘declining demand’. The airport announced today that its ‘Sky Express’ service linking Durham Tees Valley Airport and Darlington Station will end next week.
Airport director Kerry Quinn blamed a declining demand for the service, which has operated since April 2005, making it no longer viable. She said: ‘It is disappointing that we have had to withdraw Sky Express, but despite positive growth in usage over the first two years, more recently demand has fallen to an unsustainable level. With a high percentage of outbound passengers at Durham Tees Valley Airport, this service is clearly not attractive to travellers, even though it was being provided free.’
The service received initial financial support from the Durham and Tees Valley Partnerships but that ended in late Spring 2007 and since then it has been fully funded by the airport. It will cease to operate after January 25.
"
"A free bus service to Durham Tees Valley Airport is being axed due to ‘declining demand’. The airport announced today that its ‘Sky Express’ service linking Durham Tees Valley Airport and Darlington Station will end next week.
Airport director Kerry Quinn blamed a declining demand for the service, which has operated since April 2005, making it no longer viable. She said: ‘It is disappointing that we have had to withdraw Sky Express, but despite positive growth in usage over the first two years, more recently demand has fallen to an unsustainable level. With a high percentage of outbound passengers at Durham Tees Valley Airport, this service is clearly not attractive to travellers, even though it was being provided free.’
The service received initial financial support from the Durham and Tees Valley Partnerships but that ended in late Spring 2007 and since then it has been fully funded by the airport. It will cease to operate after January 25.
"
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With a high percentage of outbound passengers at Durham Tees Valley Airport, this service is clearly not attractive to travellers,
Join Date: Oct 2005
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Originally Posted by pug
Though i think the plan for DSA was dead in the water (dont understand how it got the go ahead) you have to admit that they have TOM, who have a big foot in the door as regards to package holidays. They have neglected LBA and HUY and that will be DSA's saving grace i believe. Whether Peel can afford to hang onto it is another matter.
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The bus service very rarely had passengers on it, one of the Arriva drivers told me it only ever got full when the Wizz flight arrived, and was very sparsely used for the rest of the week therefore it makes good sense to bin it 
Not as if there aren't any other bus services!
Not as if there aren't any other bus services!
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Unfortunatley the 737 bus service has to go as there are not enough pax using it, but that should mean that managment aren't doing their job of attracting and maintaing services.
Like skyman I'm a bit confused where Kerry and the managment team is coming from on the idea that more people depart the airport than come into the airport. I would of thought arrivals and departures are almost even, or is the population of the Teesside, south Durham and North Yorkshire declining?
Like skyman I'm a bit confused where Kerry and the managment team is coming from on the idea that more people depart the airport than come into the airport. I would of thought arrivals and departures are almost even, or is the population of the Teesside, south Durham and North Yorkshire declining?
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so everyone seems to be agreed.Peel are losing money at Robin Hood (How I hate that name) and also at Teesside. There is no prospect of closing down Teesside Airport and building anything in the short to medium term.
So what is the Plan ?
Answers fom Kerry and or her executives which appear to be many on a postcard please.
So what is the Plan ?
Answers fom Kerry and or her executives which appear to be many on a postcard please.
More departures, yes we want to get out of here to somewhere warm!
Other discussion, free buses cost money whilst cars in the carpark make money.
I see the old tennis hangar number five is slowly being dismantled by hand by two guys with a cherry picker and a couple of spanners no power tools, gas axe nothing. I wonder if they have bought it to re-use as a shed or a hangar?
Other discussion, free buses cost money whilst cars in the carpark make money.
I see the old tennis hangar number five is slowly being dismantled by hand by two guys with a cherry picker and a couple of spanners no power tools, gas axe nothing. I wonder if they have bought it to re-use as a shed or a hangar?