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DURHAM TEES VALLEY AIRPORT - 5

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DURHAM TEES VALLEY AIRPORT - 5

Old 11th Nov 2013, 19:58
  #3141 (permalink)  
 
Join Date: Mar 2008
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St George flying school

Great news!
highwideandugly is offline  
Old 12th Nov 2013, 01:01
  #3142 (permalink)  
 
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I also believe that DTFT are owned/have a close relationship with Northumbria up at NCL. St Georges at NCL has been integrated into Northumbria up there and NFS/DTFT often play swapsies with their planes.
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Old 12th Nov 2013, 13:09
  #3143 (permalink)  
 
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I stand to be corrected on this, but I believe the guy that wholly owns DTFT is also the majority, if not the sole owner of Northumbria Flying School and Northumbria Helicopters.
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Old 12th Nov 2013, 16:36
  #3144 (permalink)  
 
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Peel make a £3.6m loss at DTV in last year.

Gazette news.

Peel made a £3.6m pre tax loss in the last year compared to a profit last year. Peel blame the following reasons.
Durham Tees Valley Airport: Slump in passenger numbers leaves airport £3.6m in the red - Gazette Live

Probably just offsetting their other mega profits in the Whitty kingdom
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Old 12th Nov 2013, 16:59
  #3145 (permalink)  
 
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Interesting comment:

Airport bosses said the previous year’s profit had been boosted by compensation from a former customer for breach of contract.
Presumably the bmiBaby money?
SWBKCB is online now  
Old 12th Nov 2013, 17:07
  #3146 (permalink)  
 
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First dumping passengers on cost grounds.....then posting a loss......more excuses.....just need to p off KLM & Eastern!!
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Old 12th Nov 2013, 17:09
  #3147 (permalink)  
 
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Yet another local Labour MP who thinks the government should hand over £4 million to Peel at MME. I doubt many taxpayers will agree. Peel could use the BMI money to invest if it chose to.
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Old 12th Nov 2013, 17:13
  #3148 (permalink)  
 
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Some may have seen Flybe's announcement yesterday after a strategic review. Given that 500 redundancies are being considered (legal nicety - they will almost certainly happen) anyone want to predict whether Flybe will actually fly DTV to Jersey over summer 2014 or not ?
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Old 12th Nov 2013, 17:19
  #3149 (permalink)  
 
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Why not? What else will they be doing with their a/c on a summer Saturday afternoon?
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Old 12th Nov 2013, 18:03
  #3150 (permalink)  
 
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Thumbs down KLM and DTV

Makes you wonder how long KLM would want their name tarnished with an association with an airport which..lets face it...just doesnt care.

I dread the first ice and snow and closures.Do we all,in all honesty beleive that the authorities will spalsh the cash to provide de icing and man power...guys if I were you...over December,January and February...if you want reliability and tight connections choose Newcastle or leeds!! Im sorry if its harsh but its true!!!
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Old 12th Nov 2013, 20:11
  #3151 (permalink)  
 
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Just that

And I've done just that. 3 trips planned in January and February, a couple of which are the red eye starts. I've gone for Newcastle on all three - rightly or wrongly I think it gives me a lesser chance of disruption.
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Old 13th Nov 2013, 22:25
  #3152 (permalink)  
 
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Your comparing apples and oranges as the article states '...Airport bosses said the previous year’s profit had been boosted by compensation from a former customer for breach of contract...' - presumably the bmiBaby money.

So the 'profit' was boosted be a one off payment and had nothing to do with passenger throughput. And weren't they claiming £9-10m in damages?
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Old 14th Nov 2013, 06:43
  #3153 (permalink)  
 
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No, it's not a wind-up...

LOSS-making Durham Tees Valley Airport (DTVA) will today (Thursday) unveil plans to protect vital air links by building up to 400 houses on the site.

Airport bosses say the sale of land for housing would fund the redevelopment of the terminal building, and pay for new aircraft hangars, warehouses and offices.
The DTVA master plan, which goes out for a two-month consultation today
The plan proposes between 250 and 400 homes on land to the west and north of the terminal, including a field previously earmarked for a business park.
To view the master plan, visit dtva-master-plan.co.uk
Seems to be password protected at the moment, nothing on the DTVA website

Consultations events will be held at the St George Hotel at DTVA on November 21 and at the Dolphin Centre, in Darlington, on November 28. More events are planned, the airport said.
Durham Tees Valley Airport reveals housing estate plan to secure future (From The Northern Echo)


Housing at heart of Durham Trees Valley Airport blueprint for future (From The Northern Echo)

Last edited by SWBKCB; 14th Nov 2013 at 07:31. Reason: additional detail added
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Old 14th Nov 2013, 07:41
  #3154 (permalink)  
 
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Just looked at the map of the proposed development linked in the second Northern Echo story - changed my mind, it is a wind up...

The new link road from the roundabout to the terminal now goes through the housing estate, the house estate seems to go up to the apron fences, and the only access to the southside development is along the old access road, alongside the new housing development, through the current hangar area and then looping round the eastern end of the runway...
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Old 14th Nov 2013, 08:25
  #3155 (permalink)  
 
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Houses

Local Council Doris Jones will be fumeing about houses, she hates new houses more than the airport.

It will be interesting to see what happens as Peel will have to spend millions on new drains and water treatment for a start.
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Old 14th Nov 2013, 09:37
  #3156 (permalink)  
 
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SWBKCB
..Airport bosses said the previous year’s profit had been boosted by compensation from a former customer for breach of contract...' - presumably the bmiBaby money.

So the DTV 'profit' was boosted by a one off payment from BMI Baby and had nothing to do with passenger throughput. And weren't they claiming £9-10m in damages?
Yes all noted, perhaps the point is that these "damages" received by Peel, which must by simple maths been around £8 Million plus were simply "trousered" by Peel and diverted into their own cash reserves as if some windfall !
What they have not done, which is as it was on day one when they acquired the airport, is to INVEST, and indeed when they did receive the cash settlement they chose to apply it to other projects within their group.
Obviously as a course of their subsequent and ongoing actions then Peel have had to finance considerable losses which are to a great extent the result of their own actions, though clearly they will still come up on top to the tune of £ Millions & this is BEFORE they seek to reap the benefits of whatever "Grand Plan" be it housing or whaetver that they now propose to attempt force through quoting the usual cliche's of employment, area improvement etc.
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Old 14th Nov 2013, 09:51
  #3157 (permalink)  
 
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Peel didn't invest the BmiBaby money into the airport. It would be even less likely to put the profits made from housing into the airport. So a few hundred houses would do nothing to help the airport. As the comments on the Northern Echo site say, the new houses, if built, would not have to put up with much aircraft noise. If the public can see through Peel why can't the MPs and councillors?
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Old 14th Nov 2013, 10:08
  #3158 (permalink)  
 
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Today's press articles are completely misleading, the housing development is a tiny part of the master plan which includes up to nine new aircraft hangars. The houses are not up to the perimeter fence and are on land unsuitable for airport development
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Old 14th Nov 2013, 12:19
  #3159 (permalink)  
 
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So, the plan is revealed....

Firstly, the announcement seems to play nicely into the hands of the cynics who say this was the plan all along. Yet again, the owners have failed to discredit and blow away the criticism.

I like the idea of building hangers and creating a sustainable airport future - all makes sense though one could argue the money from the BMI win could have provided the same cash to do such a thing. Moreover, if the rents from the hangers would provide such a sustainable future, then why couldn't Peel have provided a loan from their other companies? If the business plan is so sound - why not self-fund?

On another note...I don't fully understand how this protects passenger services. For the passenger services to remain, they have to be profitable in their own right; which can only happen from increased revenues and/or lower costs from that side of the operation. Does the re-structuring of the terminal and a few redundancies make passenger operations profitable?

If the answer to that last question is 'no', then all this additional investment will make for a profitable business but will simply subsidise the passenger operations. Any accountant or business person within the company though would have to ask why bother with the passenger side in the long term - let's focus on the stuff which makes money.

If the answer to my question is 'yes' - passenger operations are now profitable...then there is a chance that the airport will survive.

If not, we're looking at an airfield rather than an airport. Or worse still, simply development.

My conclusion is that Peel have created a masterplan for a sustainable business, which is good for the region. I have to question though whether this is a masterplan for a sustainable airport.
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Old 14th Nov 2013, 14:36
  #3160 (permalink)  
 
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DTVAirport
Surely you have "woken up & smell the coffee!", you are being stitched up big time.
It actually isn't the size of the proposed housing development that is the main issue, more the precedent that is being established. It's the commencement of the erosion of airport land for other purposes. It is actually a self fulfilling prophesy, as once the development exceeds a critical mass, then those new inhabitants will actually side with developers to restrict & actually "get rid" of that "nasty noisy airport" that someone had the audacity to construct on their doorsteps all those years ago !
Unfortunately it's the way things are !, if you consider this far fetched then review as to how much trouble was caused by very few inhabitants prior to the construction of the second Tyne Tunnel.
Anyway even if all this goes over your head then who in their right mind builds housing on airport land when the view for UK development in the UK is completely the opposite?
Unfortunately it may possibly transpire that the best contribution that Peel may offer to those currently employed at DTVA is in the proviosion of their shares as a home for redundancy monies.
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