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Old 23rd Sep 2014, 18:10
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IB 4138

Sure does ...previous owners were all tied up with her Company apparently...she NEVER had any intention of making a go of it despite what she said to the press at the time of buying it..always a hidden agenda
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Old 23rd Sep 2014, 18:41
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Grrr

Asset strip then move it on.
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Old 23rd Sep 2014, 20:38
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....which doesn't automatically make it a case for Inspector Knacker, you may not like it but does it make it illegal?
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Old 23rd Sep 2014, 22:02
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Does that make it illegal? Nope; that's just capitalism at work or, as Tory PM Ted Heath dubbed it, "the unacceptable face of capitalism".........
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Old 15th Oct 2014, 11:21
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Thanet Eye | Keeping an eye out, so you don't have to?.

It appears that the future under the new owners may not be so bright after all
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Old 15th Oct 2014, 11:35
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What a story! As the article ends so eloquently a la Dave Allen, "May your God go with you". Only some supreme being seems able to save us from the unacceptable face of capitalism......
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Old 15th Oct 2014, 13:13
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That is excellent investigative journalism. I hope the person or persons involved get an award for it. As somebody has already said not everything is not always as it seems.
As Ted Heath said about Tony Rowland (re-LONRO) in the 1970s - the unacceptable face of capitalism - and sure enough it is still alive and kicking!
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Old 15th Oct 2014, 13:53
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Originally Posted by Twitcher
Thanet Eye | Keeping an eye out, so you don't have to?.

It appears that the future under the new owners may not be so bright after all
On the contrary - it could be argued that the "fair market value" of this failed development site is in or around 1p - in line with the value of similar assets managed by the current owners - rather than the £1 AG paid for it. I reckon even TDC could find that much down the back of a sofa ... especially if there are political worms in that there can that's just been opened!
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Old 15th Oct 2014, 17:28
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A truly great piece of research. But surely the lesson is that it's not the "face" of capitalism at all, it's the guts. The way it appears on the surface is irrelevant, it's the nitty gritty of the massively complex network of shell companies, hollow ownerships, derivatives, debt transfers, subterfuges and conspiracies that is the reality of how it works. And this is increasingly the day to day reality of how companies operate in so many sectors of the UK economy.

The evidence that Gloag is still involved is particularly damning, and deeply insulting to people in Kent, especially in the Council, who are trying to do an honest job of fostering economic prosperity and creating jobs. Why do so many people remain so credulous in the face of cynical egotists like these?

I don't know who Thanet Eye is but I know a lot of projects that could do with his/her forensic skills.

NS
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Old 15th Oct 2014, 17:39
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A truly great piece of research. But surely the lesson is that it's not the "face" of capitalism at all, it's the guts. The way it appears on the surface is irrelevant, it's the nitty gritty of the massively complex network of shell companies, hollow ownerships, derivatives, debt transfers, subterfuges and conspiracies that is the reality of how it works. And this is increasingly the day to day reality of how companies operate in so many sectors of the UK economy.

The evidence that Gloag is still involved is particularly damning, and deeply insulting to people in Kent, especially in the Council, who are trying to do an honest job of fostering economic prosperity and creating jobs. Why do so many people remain so credulous in the face of cynical egotists like these?
The unacceptable face of crony capitalism?

I don't know who Thanet Eye is but I know a lot of projects that could do with his/her forensic skills.
Indeed, we could do with someone of with these skills here in Middlesex.
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Old 15th Oct 2014, 18:14
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It shows a disgraceful state of affairs that has been allowed to happen...brilliant investigatory skills ....shows how much skullduggery has been involved there and for so long!!
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Old 15th Oct 2014, 20:14
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I see the local press has picked up story could some one be ready to sell again in the morning?
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Old 17th Oct 2014, 09:11
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The Truth is Out There ?.. if you choose to see it. On borrowing big and the thin line between optimism and denial | Thanet Eye

More investigation in to the finances


BBC News - Manston Airport protest held as Thanet talks continue

Last edited by Twitcher; 17th Oct 2014 at 11:43.
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Old 17th Oct 2014, 13:02
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It's all very well campaigning to reopen the airport but there three issues.
There's no equipment. It's all been sold off.
What about people? Who is going to staff the airport? ATCOs would have found alternative work by now or at least being interviewed for positions elsewhere. Similarly Engineers and ground handling staff who can move will have by now.
As for investors? Who would invest in what is already a failed business? It didn't attract business when it was open, who is going to go there when it rises from the flames. Like Blackpool, once an airport closes it's doors for good or to commercial traffic, aviation business will not bases their business plans on a facility with poor prospects..
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Old 17th Oct 2014, 14:18
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Have you read the full story with American investors fully prepared to fund the CPO by the council, buy everything to get it back up and running and they also have a list of cargo airlines to return and others to start new services.
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Old 17th Oct 2014, 15:36
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It's going to take a LOT of money to do that and it's not going to happen overnight. The investors such as Infratil got their hands burnt why would anyone else buy into it. It's a VERY risky bet.
I'm all in favour of Manston being an altenrative to LHR and it has certain advantages, such as land, willing population, connections and airspace but that sort of money is scarce these days. (Eurozone slowdown)
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Old 17th Oct 2014, 17:21
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It's all very well campaigning to reopen the airport but there three issues
You forgot the fourth one, which is that the delightful human being that ostensibly "sold" the airport in fact still has a financial interest in it, as the wonderful Thanet Eye has demonstrated. This must surely guarantee that no return to aviation is possible.
NS
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Old 17th Oct 2014, 18:18
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Teesside businessman Chris Musgrave (Wynard Estates) buys Manston Airport (kent) off Stagecoach owners.
Wonder if he's seen Peels plans for DTV and thought it was a cheap way to build on an airport site.
Teesside entrepreneur Chris Musgrave spearheading £1 billion scheme in Kent - Gazette Live.

This was posted on the DTVA thread by one of our thread idiots there should be a link which doesn't copy for some reason.
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Old 18th Oct 2014, 07:01
  #1599 (permalink)  
 
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also have a list of cargo airlines to return and others to start new services
Such as? Manston had Cargolux, Saudi, etc and still struggled

Unless they've captured the likes of FedEx, UPS, DHL (in which case the level of investment needed moves to a whole new level) who's around that will make a sustainable business?
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Old 18th Oct 2014, 16:23
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The lack of passenger services will make costs less for starters. Fewer employees required. Businesses other than Cargo and passenger operations are also encouraged by the would be owner.
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