MANSTON -3
Which doesn't answer the question - where's the cargo market to be tempted back/expanded? Which airports make money purely on cargo without major investment to create/support hubs for the big boys?
Pilot of the Airwaves
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SWBKCB
I suggest you direct your question to Riveroak Investments, as no one here and only they can answer your question.
I suggest you direct your question to Riveroak Investments, as no one here and only they can answer your question.
Last edited by IB4138; 19th Oct 2014 at 08:06.
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Good that this is likely to stay around now:
New owners of Manston donate land to Spitfire Museum - News - Kent News
New owners of Manston donate land to Spitfire Museum - News - Kent News
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It's just wonderful that we can depend on such selfless philanthropists to secure the future for local charities. And a clear indication that the new owners are so different from the previous ones.
Two sides to the story?
Legal threat by businessman over Wynyard Park allegation (From The Northern Echo)
Legal threat by businessman over Wynyard Park allegation (From The Northern Echo)
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RiverOak visit Thanet to drive the Manston Airport CPO process forward.
**BREAKING NEWS** pro-Manston Airport groups welcome George Yerall, Niall Lawlor & Tony Freudmann from Riveroak who are now in Thanet!!! WOW they really mean business, they will be here for a while!!!! These are some of the most senior people at Riveroak check out their details : RiverOak Investment Corp.
Save Manston Airport group say “Lets give them a warm Thanet welcome!!!!!!!!”
SMA know from Thanet District Council public statements that RiverOak are the only remaining possible Indemnity Partner for TDC.
Mr Yerrall said:
“We are in Thanet to achieve our goal to become Thanet District Council’s commercial partner in a CPO process and save Manston as an operating airport.
“The people of Thanet deserve nothing less.”
RiverOak remains committed to becoming a partner with Thanet District Council, which is currently considering a Compulsory Purchase Order of the Manston site, and will indemnify the Council – and therefore the taxpayer – against all costs arising out of the CPO. It aims to reopen Manston as a Sky Port and Integrated Aviation Services Hub within 3 months of the confirmation of the CPO and expects the new operation to move into profit within 2 years.
Phase 1
Following a successful CPO, the focus will be on re-establishing the airport’s cargo business, particularly on perishable cargo, which successfully represented Manston’s core business for several years prior to its closure.
Perishables are considered by the aviation industry to be the most rapidly growing air freight sector and Manston Airport is ideally suited, geographically and with the physical infrastructure of a long runway, hangars and space for development, to cope with virtually any level of demand.
We also plan to build up to five new hangars offering extensive capability for aircraft maintenance repair and overhaul operations (MRO) and aircraft recycling.
A number of original equipment manufacturers (OEM) have already expressed a keen interest in having a facility there.
Jobs for East Kent - Our plans for Manston will create significant local skilled employment, with an estimated 400 direct jobs being created in the first phase, as well as additional indirect jobs and economic benefit in Thanet and the East Kent region as a whole.
Phase 2
While cargo, teardown and MRO will form the core business plan, when the airport becomes operationally profitable RiverOak will consider adding passenger services, focusing on both routes to leisure destinations as well as number of scheduled business routes.
RiverOak UK web site :
Home - RiverOak Investments Corp
In a submission to the Transport Select Committee inquiry into Smaller Airports, RiverOak Investment Corp has called for an amendment into existing legislation regarding airport ownership and the responsibilities of owners when considering shutting them down.
RiverOak proposes that there should be an amendment to the Act obliging owners who intend to close an airport to consult with the interested parties mentioned in the Act; the imposition of a cooling off period of 12 months to enable further consultation to take place and, during that time, the prevention of asset stripping or other disposal of key airport equipment.
…. the focus will be on Manston’s potential to become a major hub for freighter traffic entering and leaving the UK. With capacity fast running out at London’s other airports, and with limits on how much cargo business can switch to the Midlands and North, RiverOak believes that Manston will have a key role in ensuring that the UK does not lose business in this crucial sector to competitor airports elsewhere in Europe.
RiverOak has been at pains to avoid unrealistic estimates. However, based on previous employment levels at Manston and on industry averages, we believe that a future scenario where Manston handles 150,000 tonnes of cargo annually, has five teardown lines in operation, one MRO operation, 750,000 passengers annually, and a growing private jet and flight training business can generate around 1,000 jobs.
RiverOak Investment Corp Llc - written evidence to Commons Select Committee on Smaller Airports :
http://data.parliament.uk/writtenevi...ten/13332.html
**BREAKING NEWS** pro-Manston Airport groups welcome George Yerall, Niall Lawlor & Tony Freudmann from Riveroak who are now in Thanet!!! WOW they really mean business, they will be here for a while!!!! These are some of the most senior people at Riveroak check out their details : RiverOak Investment Corp.
Save Manston Airport group say “Lets give them a warm Thanet welcome!!!!!!!!”
SMA know from Thanet District Council public statements that RiverOak are the only remaining possible Indemnity Partner for TDC.
Mr Yerrall said:
“We are in Thanet to achieve our goal to become Thanet District Council’s commercial partner in a CPO process and save Manston as an operating airport.
“The people of Thanet deserve nothing less.”
RiverOak remains committed to becoming a partner with Thanet District Council, which is currently considering a Compulsory Purchase Order of the Manston site, and will indemnify the Council – and therefore the taxpayer – against all costs arising out of the CPO. It aims to reopen Manston as a Sky Port and Integrated Aviation Services Hub within 3 months of the confirmation of the CPO and expects the new operation to move into profit within 2 years.
Phase 1
Following a successful CPO, the focus will be on re-establishing the airport’s cargo business, particularly on perishable cargo, which successfully represented Manston’s core business for several years prior to its closure.
Perishables are considered by the aviation industry to be the most rapidly growing air freight sector and Manston Airport is ideally suited, geographically and with the physical infrastructure of a long runway, hangars and space for development, to cope with virtually any level of demand.
We also plan to build up to five new hangars offering extensive capability for aircraft maintenance repair and overhaul operations (MRO) and aircraft recycling.
A number of original equipment manufacturers (OEM) have already expressed a keen interest in having a facility there.
Jobs for East Kent - Our plans for Manston will create significant local skilled employment, with an estimated 400 direct jobs being created in the first phase, as well as additional indirect jobs and economic benefit in Thanet and the East Kent region as a whole.
Phase 2
While cargo, teardown and MRO will form the core business plan, when the airport becomes operationally profitable RiverOak will consider adding passenger services, focusing on both routes to leisure destinations as well as number of scheduled business routes.
RiverOak UK web site :
Home - RiverOak Investments Corp
In a submission to the Transport Select Committee inquiry into Smaller Airports, RiverOak Investment Corp has called for an amendment into existing legislation regarding airport ownership and the responsibilities of owners when considering shutting them down.
RiverOak proposes that there should be an amendment to the Act obliging owners who intend to close an airport to consult with the interested parties mentioned in the Act; the imposition of a cooling off period of 12 months to enable further consultation to take place and, during that time, the prevention of asset stripping or other disposal of key airport equipment.
…. the focus will be on Manston’s potential to become a major hub for freighter traffic entering and leaving the UK. With capacity fast running out at London’s other airports, and with limits on how much cargo business can switch to the Midlands and North, RiverOak believes that Manston will have a key role in ensuring that the UK does not lose business in this crucial sector to competitor airports elsewhere in Europe.
RiverOak has been at pains to avoid unrealistic estimates. However, based on previous employment levels at Manston and on industry averages, we believe that a future scenario where Manston handles 150,000 tonnes of cargo annually, has five teardown lines in operation, one MRO operation, 750,000 passengers annually, and a growing private jet and flight training business can generate around 1,000 jobs.
RiverOak Investment Corp Llc - written evidence to Commons Select Committee on Smaller Airports :
http://data.parliament.uk/writtenevi...ten/13332.html
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Hmm...sorry to rain on peoples parade, but this is just too good to be true...have you all wondered what Riveroaks real intentions might actually be??...No mention of how they are going to get the airfield licence re instated...They are Hedge Funds after all..
Many other airports ... large ones in the UK are also owned by Hedge Funds..River Oak are 100% committed to running MSE as an airport
Manston was a very small regional airport that even when passengers using it had a limited number of flights.
Much as I would love to see it develop I doubt it ever will because it has too much competition and the capital investment needed plus running costs just will never make it profitable.
Get people to publish a real business plan rather than airy fariry aspirational one and then ask who is providing the funding and what profit will be made to reapy this funding and see what happens.
Council has no business using Taxpayers money on a folly.
Council is NOT using taxpayers money..ALL expenses incurred are being paid for by River Oak..see documents
MSE is going to be mainly a Cargo hub.a thing that they did very well .fresh produce was turned round quickly and efficiently MSE could have operated so well..read all the ex staff comments... if it had not been intentionally run down by the owner..she never intended to run MSE as an airport sadly..she had other ideas !!
MSE is going to be mainly a Cargo hub.a thing that they did very well .fresh produce was turned round quickly and efficiently MSE could have operated so well..read all the ex staff comments... if it had not been intentionally run down by the owner..she never intended to run MSE as an airport sadly..she had other ideas !!
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No mention of how they are going to get the airfield licence re instated.
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read all the ex staff comments
Ex Air Traffic Controller, staff and a tenant slam incompetent Manston management
http://www.savemanstonairport.org.uk...management.pdf
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Council is NOT using taxpayers money..ALL expenses incurred are being paid for by River Oak
“To be clear, what is proposed involves a transfer of ALL the risk surrounding the CPO from Thanet District Council to RiverOak. If the CPO fails for some unforeseen reason we will have to meet all the legal costs. Similarly if the eventual price of the land is higher than expected, we will have to pay it.
"We are not asking for any public funds to support this process; not from Thanet, not from KCC and not from the British Government.”
It is particularly noteworthy that as well as picking up the tab for all the CPO costs, RiverOak Heads of Agreement states that they will pick up the tab for all TDC legal costs for preparing the CPO.
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Same ole story
I see Beau Webber is broadcasting Riveroak propaganda far and wide! I have some questions for him, I have asked them many many times, yet Beau simply abandons his posts and hides rather than try and answer the inconvenient questions I pose him.
Lets see if he's braver in this forum;
1. Why is it, until the current owners bought a stake in the brownfield site at Manston, Riveroak's frontman was the only person or company to seek permission or zoning for houses at Manston?
2. If Riveroak are so keen to buy Manston, why did they not do so in the 2(ish) years it was for sale before Ms Gloag bought it?
3. If as he claims RO will be "picking up the tab" for the CPO process, why are TDC taxpayers currently facing a £90k bill for work already carried out, when will that be paid?
4. Is there a precedent anywhere for a property developer to have land they have purchased perfectly legally taken from them, and handed to another property developer?
5. If there is as much support for Manston as Beau claims, why have thye last 3 events staged by the SMA been embarassing failures?
6. How will the property developers Riveroak secure planning permission for Manston now that it's required as it is no longer an airport, due to it no longer holding a licence? (Promises of assitance getting the licence back is irrelevant even if that's true or possible)
7. If the going price for Manston is demonstrably approximately £30 million, how will the property deveopers Riveroak pay for the CPO, and the airfield, when they state they only have £20 million, and even that they are not prepared to place in escrow, so that TDC's costs would guaranteed to be covered?
That will do for now. I challenge you Beau, do you have answers, are are you going to run and hide as you have every other time you've been challenged?
Lets see if he's braver in this forum;
1. Why is it, until the current owners bought a stake in the brownfield site at Manston, Riveroak's frontman was the only person or company to seek permission or zoning for houses at Manston?
2. If Riveroak are so keen to buy Manston, why did they not do so in the 2(ish) years it was for sale before Ms Gloag bought it?
3. If as he claims RO will be "picking up the tab" for the CPO process, why are TDC taxpayers currently facing a £90k bill for work already carried out, when will that be paid?
4. Is there a precedent anywhere for a property developer to have land they have purchased perfectly legally taken from them, and handed to another property developer?
5. If there is as much support for Manston as Beau claims, why have thye last 3 events staged by the SMA been embarassing failures?
6. How will the property developers Riveroak secure planning permission for Manston now that it's required as it is no longer an airport, due to it no longer holding a licence? (Promises of assitance getting the licence back is irrelevant even if that's true or possible)
7. If the going price for Manston is demonstrably approximately £30 million, how will the property deveopers Riveroak pay for the CPO, and the airfield, when they state they only have £20 million, and even that they are not prepared to place in escrow, so that TDC's costs would guaranteed to be covered?
That will do for now. I challenge you Beau, do you have answers, are are you going to run and hide as you have every other time you've been challenged?
I'd be a bit dubious about a business case based on air freight of perishable goods - the supermarkets are in a cost cutting mood (and make MOL look like a beginner) and are looking to replace as much imported stuff as possible with homegrown - there's millions going into horticulture (look at Thanetearth just down the road)
And another latecomer to the aircraft recycling game?
And another latecomer to the aircraft recycling game?
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Unsurprising?
Is it difficult to find staff to slate their management or tenants to slate their landlord (unsurprising that that has happened here, given that the tenant needs the runway, but doesn't have a lease securing the use of said runway)?