DURHAM TEES VALLEY AIRPORT - 5
Join Date: Jul 2006
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Re/ei Mme-dub
It's reported elsewhere tha the DUB service will stop altogether come the winter, as it will from DSA. Was this always planned to be a summer service or are low passenger numbers to blame?
It must be a kick in the teeth for DTV not to hold on to it after such a short time. Think the average pax did not look great but surely better to give it time and where will RE/EI Regional re use the aircraft? Surely MME/DSA fit into their model perfectly unless they will take over BHX and MAN etc during the winter?
It must be a kick in the teeth for DTV not to hold on to it after such a short time. Think the average pax did not look great but surely better to give it time and where will RE/EI Regional re use the aircraft? Surely MME/DSA fit into their model perfectly unless they will take over BHX and MAN etc during the winter?
Join Date: Dec 2003
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Marketing for the route seems to have all but stopped. Has anyone seen any advertising for it since it started?
Despite Ryanair's flaws, at least everyone knew they flew to Dublin from Teesside. I wouldn't say the same for RE/EI
What's gonna happen to the specially painted ATRs over the winter if they're not flying these routes?
Despite Ryanair's flaws, at least everyone knew they flew to Dublin from Teesside. I wouldn't say the same for RE/EI
What's gonna happen to the specially painted ATRs over the winter if they're not flying these routes?
DTV Good News at last
Yep .. its creeped out...the Condom machine in the gents toilet has been doubled in size(width and length) ....get real guys nothing ever happens at DTV surely you know this by now??
It'll be the Vancouver Airports company announcing they are taking a majority share in the company, as read on another forum...
I wonder what they will do, if anything, to turn the finances round?
I wonder what they will do, if anything, to turn the finances round?
Good news week ??
or maybe the pay out to Kerry has been kept below 5 figures??
development?? why and for what reason-nothing happens and when it does it doesnt last?
passenger figures continue to decline and with the new government even the FR conract could be in doubt..why expand and who do we aim for???
development?? why and for what reason-nothing happens and when it does it doesnt last?
passenger figures continue to decline and with the new government even the FR conract could be in doubt..why expand and who do we aim for???
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Join Date: Jul 2003
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Not the announcement planned but the SAS charters are back for the Scandinavian school children and their orchestra's (I believe thats what they bring!), first one tomorrow night from Oslo.
Join Date: Feb 2005
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Pug
Well Pug it probably goes something like this :-
They buy a job lot of airports from Peel, they appraise each on it's own merits, a full blown financial job, if indeed their due diligence work prior to acquisition hasn't already flagged up the issues.
Then they seek to develop those airports that are profitable as per their business plans which encompass various levels of investment.
Then having identified the level of investment necessary to support their plans they look as to how best to fund. As likely as not then the first port of call is to identify as to what can be realised by disposal of those non profitable elements acquired in the deal.
The caveat for DTV is likely to be that the sale agreement contains restrictive covenants that protect DTV from such fate for a set period. The problem though is that there is unlikely to be any such clause compelling the new owners to invest in DTV, however it may be that they have contacts and marketing that they feel worth directing towards DTV on basis that things can only get better and they feel that they may be able to turn things around..........
I wonder what they will do, if anything, to turn the finances round?
They buy a job lot of airports from Peel, they appraise each on it's own merits, a full blown financial job, if indeed their due diligence work prior to acquisition hasn't already flagged up the issues.
Then they seek to develop those airports that are profitable as per their business plans which encompass various levels of investment.
Then having identified the level of investment necessary to support their plans they look as to how best to fund. As likely as not then the first port of call is to identify as to what can be realised by disposal of those non profitable elements acquired in the deal.
The caveat for DTV is likely to be that the sale agreement contains restrictive covenants that protect DTV from such fate for a set period. The problem though is that there is unlikely to be any such clause compelling the new owners to invest in DTV, however it may be that they have contacts and marketing that they feel worth directing towards DTV on basis that things can only get better and they feel that they may be able to turn things around..........
Confirmation of VAS agreement
Vancouver Airport Services buys majority stake in Peel Airports - Crain's Manchester Business
Vancouver Airport Services buys majority stake in Peel Airports - Crain's Manchester Business
Join Date: Nov 2007
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Went to a presentation by DTVA this morning at Middlesbrough Foorball Club, aimed at business travellers. Reasonable turnout. They are setting up a Business Travel Pledge, whereby if business pledge to travel with them, the will pledge to provide flights and put company logo on the DTVA website. There is also an online questionairre as to where people want to fly to, so at least they are doing something.
Kerry got praised for what she and her team had achieved...
People from KLM, Eastern and Air Lingus all presented their committment to DTVA. Air Lingus was designed primarily as a leisure route, not a business route. KLM wouldn't commit to a fourth flight a day as that would make the route unprofitable.
The marketing campaign is called Fly Local and I hope it works for them. It was all very positive.
Kerry got praised for what she and her team had achieved...
People from KLM, Eastern and Air Lingus all presented their committment to DTVA. Air Lingus was designed primarily as a leisure route, not a business route. KLM wouldn't commit to a fourth flight a day as that would make the route unprofitable.
The marketing campaign is called Fly Local and I hope it works for them. It was all very positive.
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Read the press release, and a complicated deal it would appear to be & to be honest at this time I just don't get it ! A basic observation is that VAS only own 65% ! i.e they do not have complete control for which one requires 70%. In my experience such a factor would have a major impact on the purchase price, which interestingly is not disclosed.
There is then the fundamental question as to what their valuation was based upon clearly with losses all over the group, then goodwill is low, so the price agreed would be on an asset valuation basis.
VAS must see significant growth oportunities somewhere within group to have attracted and excited them in the first place & my guess is at LPL in looking to obtain a better return on that capital that the Peel has invested at this airport, followed presumably by DCS again where considerable expenditure on the development of facilities has not yielded forecast returns.
Two things in this deal would worry me, a) That Peel only own 75% of DTV in the first instance as opposed to 100% of the other two airports and b) That Peel & indeed everyone connected with DTV is putting about what a great job KQ did, then their perception could well be that there is little else that can be done as it's decline is clearly (in their eyes!) not down to management failings.
I wouldn't get the party hats out just yet !
There is then the fundamental question as to what their valuation was based upon clearly with losses all over the group, then goodwill is low, so the price agreed would be on an asset valuation basis.
VAS must see significant growth oportunities somewhere within group to have attracted and excited them in the first place & my guess is at LPL in looking to obtain a better return on that capital that the Peel has invested at this airport, followed presumably by DCS again where considerable expenditure on the development of facilities has not yielded forecast returns.
Two things in this deal would worry me, a) That Peel only own 75% of DTV in the first instance as opposed to 100% of the other two airports and b) That Peel & indeed everyone connected with DTV is putting about what a great job KQ did, then their perception could well be that there is little else that can be done as it's decline is clearly (in their eyes!) not down to management failings.
I wouldn't get the party hats out just yet !
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A basic observation is that VAS only own 65% ! i.e they do not have complete control for which one requires 70%
Surely it will depend on what Peel and VAS have agreed in the articles of association with regards to distribution of voting rights?
Perspective
Great post as always Skyman...lets get this into perspective...better people? than VAS have been trying to develop our beloved airport for 40 years.
It wont happen..I'm sorry it never happened in the past for the airport and wont in the future..VAS must have money to burn!!
apathy,financial climate,lack of awareness and general poor catchment area will always keep the airport in the lower tier of hubs.They missed the low cost boom and that in itself could have had its hey day.
It wont happen..I'm sorry it never happened in the past for the airport and wont in the future..VAS must have money to burn!!
apathy,financial climate,lack of awareness and general poor catchment area will always keep the airport in the lower tier of hubs.They missed the low cost boom and that in itself could have had its hey day.
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A basic observation is that VAS only own 65% ! i.e they do not have complete control for which one requires 70%
I know for plc's 70% (or is it 75%?)