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DURHAM TEES VALLEY AIRPORT - 5

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DURHAM TEES VALLEY AIRPORT - 5

Old 16th Oct 2012, 12:30
  #2241 (permalink)  
 
Join Date: Feb 2005
Location: NE ENGLAND
Posts: 948
glans tomlinson
EGNV no debt and rumoured to be close to break even now. If we talk about sustainable business I know where I would put my money.
Well what can I say !, this must be a non accountants view, I don't know as to what you base your opinion on, but must be the evidence of some very creative accounting... "No Debt !!" I assume lost somewhere in reorganisation, certainly hasn't been cleared by revenues & not much else has improved.
The above statement re DTV, which one hopes was made "tongue in cheek", other than in ignorance, means nothing, & taken in isolation is downright dangerous!
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Old 16th Oct 2012, 16:50
  #2242 (permalink)  
 
Join Date: Oct 2005
Location: Near MME, England, UK
Age: 33
Posts: 866
glans tomlinson has hit the nail on the head and I'll verify what he says is 100% accurate. MME, whilst still making a (very) small loss, is in no debt whatsoever.

With regards to Sycamore, if they grow to the levels stated in their business plan we wouldn't need passengers - any flights gained would be merely a bonus, rather than the desperately needed necessity they are now! (For the record, I'm not at all suggesting we shouldn't be chasing airlines for routes!!)

A lack of Immigration at Leeming is the main reason for the charters using us.
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Old 16th Oct 2012, 21:32
  #2243 (permalink)  
 
Join Date: Aug 2008
Location: the frozen north
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Dear Skyboy771, constructive criticism of my post is most welcome. However, if all you can offer is inane drivel then I suggest your time would be better spent on your xbox.

Last edited by glans tomlinson; 16th Oct 2012 at 21:53.
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Old 17th Oct 2012, 08:46
  #2244 (permalink)  
 
Join Date: Sep 2006
Location: East Yorkshire
Posts: 453
North South

Get your head round this one

I have a family member in the forces based at Catterick, his regiment or platoon had to travel to Brize Norton to catch the B777 that was parked up at DTV

Explain that one?
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Old 17th Oct 2012, 09:30
  #2245 (permalink)  
 
Join Date: Jan 2006
Location: up north
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"MME, whilst still making a (very) small loss, is in no debt whatsoever."

Well, technically correct, but the last set of published statutory accounts do include the little matter of £23,795,748 of "Other short-term finance", which is presumably cash from Peel shoring up the operation.
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Old 17th Oct 2012, 10:07
  #2246 (permalink)  
 
Join Date: Apr 2001
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I have a family member in the forces based at Catterick, his regiment or platoon had to travel to Brize Norton to catch the B777 that was parked up at DTV

Explain that one?
I'm guessing his unit was attached to a larger formation based in the south that was boarding the aircraft at Brize and Air Movements Squadron wanted them all boarding together?

On the other hand if he went to Brize then got bussed back to DTV to board the aircraft, Peel are clearly on to a winner here - "Durham Tees Valley Brize Norton Airport"
NS
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Old 18th Oct 2012, 10:00
  #2247 (permalink)  
 
Join Date: Dec 2011
Location: Hartlepool
Posts: 186
Last one out switch off the lights

I fear that this news could be the final nail in the coffin for DTV.

The reporter mentions that the government will not be supporting the Peel bid for the £5.9m grant, and the Peel management are holding a board meeting tomorrow to discuss the latest developments.

Blow for Durham Tees Valley Airport as regeneration cash bid rejected (From The Northern Echo)

Peel are on the other hand are now sitting on hundreds of acres of very valuable building land, which was given away by a select few in the councillors ten years ago for £500,000.

Something fishy about the whole deal to me.

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Old 18th Oct 2012, 10:37
  #2248 (permalink)  
 
Join Date: Apr 2001
Location: Sometimes north, sometimes south
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Airport bosses have not given up hope of boosting passenger numbers too, despite seeing them fall from a high of nearly one million in 2006 to about 200,000 this year
Hmmm, to achieve 200k pax this year they'd have to have a >87% increase on last year's pax for the remainder of this year. Unless you call 150,000 "about 200,000" of course.
NS
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Old 18th Oct 2012, 10:55
  #2249 (permalink)  
 
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It seems that round 3 of the regional growth fund was announced in December last year, with bids being accepted between late Feb and mid June this year. It would seem likely that when Peel Investments purchased the airport from Peel Airports, they would have been aware of the existence of the fund.

The comments from Peter Nears seem quite interesting - looks like he has been told unofficially the money is not coming, but he can't say anything publicly without breaching a confidence.


“We have as yet received no official indication from the Government as to the outcome of our bid for support from the Regional Growth Fund for the Southside Scheme. We will clearly need to review the news if, and when, it is confirmed, but it would be a great disappointment as it was a scheme that was well advanced with occupier interest and it would have produced much needed activity at the Airport as well as create jobs. We remain committed to the delivery of the scheme which is important for the long term prosperity of the Airport.”


How critical is the hoped-for money to the Peel Investments business plan ? The phrase "important for the long term prosperity of the airport" is worrying...

As a slightly more general question, what have Peel Investments said publicly about their business plan for MME over the next few years ?

Last edited by davidjohnson6; 18th Oct 2012 at 14:04.
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Old 18th Oct 2012, 15:05
  #2250 (permalink)  
 
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Location: 4DME
Posts: 2,211
I wonder if we could add 5.9 million onto Newcastles morgage.
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Old 18th Oct 2012, 16:45
  #2251 (permalink)  
 
Join Date: Mar 2008
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NCL morgage

good idea but unlikely... that's all sorted I am led to believe and all covered by......passengers,concessions, movements and freight!

sorry to say although they were saddled by a debt by parkin(i think)(leeds watch out!!) they have sorted the finances out with lots of firm interest.Unfortunately..you cant say that about here...as mentioned earlier the clock is now ticking..even quicker.

bTW has anyone noticed there is even no radar available(check the notams and RT from the radar guy) and will be that way for some time..surely not a good offering to the airlines?

lights out guys..
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Old 18th Oct 2012, 17:48
  #2252 (permalink)  
 
Join Date: Jun 2000
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No radar... No real issue to be honest.
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Old 18th Oct 2012, 17:49
  #2253 (permalink)  
 
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£5.9m - think that was Parkin's bonus!
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Old 18th Oct 2012, 18:30
  #2254 (permalink)  
 
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good idea but unlikely... that's all sorted I am led to believe and all covered by......passengers,concessions, movements and freight!
Sounds like a bit more Wonga!
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Old 19th Oct 2012, 09:07
  #2255 (permalink)  
 
Join Date: Feb 2012
Location: Crowle United Kingdom
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KLM1533?

Anyone know why this is in a holding pattern 14000 feet over MME?.
KLM1533
F70
PH-KZM
210knots
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Old 19th Oct 2012, 09:22
  #2256 (permalink)  
 
Join Date: Aug 2007
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Ground hugging fog DTV Movements
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Old 19th Oct 2012, 09:40
  #2257 (permalink)  
 
Join Date: Feb 2012
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That explains that then !
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Old 19th Oct 2012, 16:19
  #2258 (permalink)  
 
Join Date: Mar 2008
Location: on the border line
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No radar

Gardener..would have thought a radar for a major airport was important? why not??
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Old 19th Oct 2012, 16:48
  #2259 (permalink)  
 
Join Date: Jun 2000
Location: Co.Durham UK
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No radar

Lots of places operate with no radar and handle more traffic, I expect they still have SSR. It's obviously a bonus to have everything working!
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Old 19th Oct 2012, 17:09
  #2260 (permalink)  
 
Join Date: Mar 2008
Location: on the border line
Posts: 289
dtv no radar

ok i see..do we have our own ssr? or are we dependent on others for that?

what happens if that ssr fails and the radar stll not working?

i suppose its more a fact thats its been off for sometime,,is this just another lack of investment to go with everything else? maybe all aircraft should pay a £6 fee to use the equipment just like the passengers have, to use the facilities!! (joke!!)
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