BOURNEMOUTH - 3
Join Date: Nov 2007
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Rivet
Investment by MAG in their asset BOH has little to do with Ryanair and a lot more to do with the value of the MAG asset, the airport.
As I said before the investment decisions were made long ago, are irreversible and frankly irrelevant as regards debate.
The asset value of any airport will go up with investment in new infrastructure like the terminal and cat111 ILS. So the book value of BOH will have increased accordingly.
Of course the airport needs customers and as such today BOH is much more diverse in activity than most UK regional airports. And as has been pointed out several times, BOH has had a better year this year than any airport in the UK except Southend.
To be clear BOH serves like its big sister SOU, the markets of Dorset, Hampshire and south Wiltshire, and even the IOW. It's a simple geographical fact. Every airport has its strengths and weaknesses for users. BOH is no different.
Which airlines and other aircraft operators choose to use our local airports will change with time. Ryanair have been around at BOH since 1996' significantly longer than Flybe at SOU for example, which was formed with its present name in 2002.
However you look at it, Ryanair has shown its commitment to the BOH markets for 16 years. That's already pretty good!
Five years from now the airline landscape will have changed again, SOU is more likely to see major change than BOH, simply because Flybe is much less likely to survive as it is than Ryanair. The profits and cash position of each airline tells you that.
As regards airport sales, the owners of Southampton are in greater debt than the owners of BOH, a sale of either airport is unlikely in the near term, because no one is buying regional airports in Europe at the moment. The only reason to sell an airport asset is to reduce debt, to comply with law ( which is why gatwick and Edinburgh were sold, and why stansted is for sale) or to exit the airport business, which national express did when they sold EMA and BOH.
It's all pretty simple really.
FF
Investment by MAG in their asset BOH has little to do with Ryanair and a lot more to do with the value of the MAG asset, the airport.
As I said before the investment decisions were made long ago, are irreversible and frankly irrelevant as regards debate.
The asset value of any airport will go up with investment in new infrastructure like the terminal and cat111 ILS. So the book value of BOH will have increased accordingly.
Of course the airport needs customers and as such today BOH is much more diverse in activity than most UK regional airports. And as has been pointed out several times, BOH has had a better year this year than any airport in the UK except Southend.
To be clear BOH serves like its big sister SOU, the markets of Dorset, Hampshire and south Wiltshire, and even the IOW. It's a simple geographical fact. Every airport has its strengths and weaknesses for users. BOH is no different.
Which airlines and other aircraft operators choose to use our local airports will change with time. Ryanair have been around at BOH since 1996' significantly longer than Flybe at SOU for example, which was formed with its present name in 2002.
However you look at it, Ryanair has shown its commitment to the BOH markets for 16 years. That's already pretty good!
Five years from now the airline landscape will have changed again, SOU is more likely to see major change than BOH, simply because Flybe is much less likely to survive as it is than Ryanair. The profits and cash position of each airline tells you that.
As regards airport sales, the owners of Southampton are in greater debt than the owners of BOH, a sale of either airport is unlikely in the near term, because no one is buying regional airports in Europe at the moment. The only reason to sell an airport asset is to reduce debt, to comply with law ( which is why gatwick and Edinburgh were sold, and why stansted is for sale) or to exit the airport business, which national express did when they sold EMA and BOH.
It's all pretty simple really.
FF
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Interesting post Flitefone.
The only thing I'd add though is that an investment doesn't automatically mean the asset value created will remain forever. Recoverability of your investment is crucial to retaining the asset value. If you make a poor investment, as companies manage to do from time to time, then you might end up taking an asset write-down and consequent hit to your annual performance.
The only thing I'd add though is that an investment doesn't automatically mean the asset value created will remain forever. Recoverability of your investment is crucial to retaining the asset value. If you make a poor investment, as companies manage to do from time to time, then you might end up taking an asset write-down and consequent hit to your annual performance.
a sale of either airport is unlikely in the near term, because no one is buying regional airports in Europe at the moment.
Join Date: Aug 2007
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Blue Island Pull Out
today Blue Island announced they will pull out of Bournemouth and Isle of Man from February 2013.
Please find attached the media release regarding the cessation of Blue Islands services to Bournemouth & the Isle of Man with effect from February 2013.
It has become apparent that with the greater number of connections available to these destinations via other airports, our 3 times a week services to both of these airports was no longer sustainable.
With our 3 times a day weekday services & double daily at weekends to Southampton offering a greater flexibility to passengers we did not see the passengers required on our Bournemouth service when we re-introduced this service in 2011 to enable us to continue.
The Isle of Man has seen passenger numbers drop 72% in the last four years as a result of a number of key business accounts consolidating their businesses in a single jurisdiction. With British Airways offering a 3 times daily service to the Isle of Man from London City we believe our customers are better served by using our service from Jersey to London City then connecting onto British Airways giving them greater flexibility with their travel plans.
Please find attached the media release regarding the cessation of Blue Islands services to Bournemouth & the Isle of Man with effect from February 2013.
It has become apparent that with the greater number of connections available to these destinations via other airports, our 3 times a week services to both of these airports was no longer sustainable.
With our 3 times a day weekday services & double daily at weekends to Southampton offering a greater flexibility to passengers we did not see the passengers required on our Bournemouth service when we re-introduced this service in 2011 to enable us to continue.
The Isle of Man has seen passenger numbers drop 72% in the last four years as a result of a number of key business accounts consolidating their businesses in a single jurisdiction. With British Airways offering a 3 times daily service to the Isle of Man from London City we believe our customers are better served by using our service from Jersey to London City then connecting onto British Airways giving them greater flexibility with their travel plans.
Join Date: Nov 2002
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Thomson / First Choice and Thomson ski have started to put on sale winter 2013 / 14 programme , the following services are scheduled to operate from Bournemouth using there Thomson based 737 800
Mon
Las Palmas 0720 1630
Tue
Tenerife 0815 1735
Wed
Paphos 1020 2100 operates Nov / March / April
Thu
Sharm el Sheik 1145 2355
Fri
Tenerife 0815 1735
Sun
Arrrecife 0925 1820 ( 1320 2215 Dec - March )
Turin 0610 1100
Tunisia 0630 1305 April
Good to see Las Palmas back again and Tunisia starting early in April
Mon
Las Palmas 0720 1630
Tue
Tenerife 0815 1735
Wed
Paphos 1020 2100 operates Nov / March / April
Thu
Sharm el Sheik 1145 2355
Fri
Tenerife 0815 1735
Sun
Arrrecife 0925 1820 ( 1320 2215 Dec - March )
Turin 0610 1100
Tunisia 0630 1305 April
Good to see Las Palmas back again and Tunisia starting early in April
Join Date: Nov 2007
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Statistics
Good to see the year ending well for BOH, latest CAA stats show the airport still performing better than any other for passenger growth % over last year (except the new easyjet base at Southend)
Stats here: http://www.caa.co.uk/docs/80/airport...Statistics.pdf
Well done!
FF
Stats here: http://www.caa.co.uk/docs/80/airport...Statistics.pdf
Well done!
FF
Join Date: Dec 2012
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Business routes
Instead of focusing on the leisure markets all the time, why does BOH not look at competing business routes against SOU, with an airline like Cityjet or BMI Regional or for the northern routes with Eastern Airways. Maybe look at routes to GLA/EDI/MAN/LBA & NCL, there is notable business growth in Bournemouth, especially in the financial sector with LV, Nationwide & RIAS amongst the notable sites.
Even try to attract Middle Eastern carriers like Emirates for a Dubai route - which can be done with the airline's Airbus A330's, with the affluent catchment areas of Dorset & southern Hampshire this could be feasible. With a financial mecca/leisure city like Dubai, it could work for both business & holiday travellers alike
Even try to attract Middle Eastern carriers like Emirates for a Dubai route - which can be done with the airline's Airbus A330's, with the affluent catchment areas of Dorset & southern Hampshire this could be feasible. With a financial mecca/leisure city like Dubai, it could work for both business & holiday travellers alike
Join Date: Nov 2002
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Yep good figures for November
Paphos 1361 170 pax Thomson
Dublin 1620 45 pax Aer Lingus
Arrecife 1473 184 pax Thomson
Tenerife 3256 181 pax Thomson
Sharm 1601 160 pax Thomson
New York 444 pax Monarch 757 charter
Barbados 257 pax Thomson 767 cruise charter
Ryanair have re added Rhodes to the summer schedule on a weekly wednesday service
Paphos 1361 170 pax Thomson
Dublin 1620 45 pax Aer Lingus
Arrecife 1473 184 pax Thomson
Tenerife 3256 181 pax Thomson
Sharm 1601 160 pax Thomson
New York 444 pax Monarch 757 charter
Barbados 257 pax Thomson 767 cruise charter
Ryanair have re added Rhodes to the summer schedule on a weekly wednesday service
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I think the New York number needs to be halved, 444 pax in a 757!!! (229 is bad enough!). Good to see a fairly strong November on the whole for BOH though.
Join Date: Nov 2012
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bournemouth routes
quite agree,also of course one of bournemouth's biggest employee is J.P.Morgan with employees going to and fro from New York. Need that Air Lingus connection! See that it could be possible in the central summer months.Lets hope others spot it and utilise it. Air Lingus ought to be pushing it NOW!
Always at a loss why Easy dont do Geneve all round as plenty of Swiss visitors always here. a couple of weekend flights should be worth a try.
Always at a loss why Easy dont do Geneve all round as plenty of Swiss visitors always here. a couple of weekend flights should be worth a try.
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KLM
Can't believe Manston gets a double daily KLM operation using a based Fokker 70 before Bournemouth does. What is wrong with Bournemouth airport, surely they can do a better deal than Manston? I don't see the traffic from Manston, compared to Bournemouth. Is it the Flybe link from SOU deterring them?
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Airport’s like Bournemouth can only do so much to encourage route development. It takes an airline to put on a route and they will only do it if they think they can make a profit.
The truth is that Bournemouth compared to Southampton is not an attractive airport to operative from with a lack of any proper public transport being a major issue. You only have to see what has happened to Southend to see how a railway station has transformed that airport in the last year.
So what does Southampton offer?
Fastest journey times by rail from Southampton Airport Parkway station
With Bournemouth airport only able to offer an hourly bus service to the town and its railway station at a cost of £8 return for an open ticket will not encourage many passengers.
It says a lot when passengers can also get to Bournemouth town centre quicker from Southampton airport than from their own airport by public transport if a bus is not due.
The truth is that Bournemouth compared to Southampton is not an attractive airport to operative from with a lack of any proper public transport being a major issue. You only have to see what has happened to Southend to see how a railway station has transformed that airport in the last year.
So what does Southampton offer?
Fastest journey times by rail from Southampton Airport Parkway station
- London Waterloo: 69 minutes
- Southampton City Centre: 7 minutes
- Bournemouth: 37 minutes
- Poole: 53 minutes
- Fareham: 34 minutes
- Portsmouth: 60 minutes
- Winchester: 10 minutes
- Basingstoke: 24 minutes
- Woking: 42 minutes
- Reading: 49 minutes
- Oxford: 74 minutes
With Bournemouth airport only able to offer an hourly bus service to the town and its railway station at a cost of £8 return for an open ticket will not encourage many passengers.
It says a lot when passengers can also get to Bournemouth town centre quicker from Southampton airport than from their own airport by public transport if a bus is not due.
Last edited by Pain in the R's; 26th Dec 2012 at 04:46.
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Shamrock7seal; I agree it would seem like an odd choice of destination for KLM i.e. Manston, however, there may be a logical explanation, for e.g. is there industry in the area which would use a flight to AMS and onwards? In addition, what information do they have in terms of customer details and address which may indicate that the locals of Manston are using KLM ex say LHR, NWI etc?
This will probably be one of the shortest sectors on KLM network?
EI-BUD
This will probably be one of the shortest sectors on KLM network?
EI-BUD
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Manston
I certainly raised an eyebrow when KLM announced Manston but the answer is simply that being located in Kent (and where there is no competition or even routes full stop last time I checked) it is another region of the UK that they can feed through their AMS hub. I guess the aim is to tempt passengers who would usually use LHR long haul.
I believe PITR'S point is a valid one seeing as KLM codeshare on the BE SOU route. Basically they have the region covered. They do serve pretty much every reigional airport in the UK though so who knows!
I believe PITR'S point is a valid one seeing as KLM codeshare on the BE SOU route. Basically they have the region covered. They do serve pretty much every reigional airport in the UK though so who knows!
I think the New York number needs to be halved, 444 pax in a 757!!! (229 is bad enough!).
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Having said in an earlier post that there were no more cruise charters being operated i stand to be corrected
P & O are operating a stand alone Barbados charter on 22 Feb 13 without Bath Travel taking seats which is a first , hopefully if it sells well they may continue with the odd flight still
Nothing really new as it stands next summer both Thomson and Ryanair have the same number of flights as this year and New Market using Small Planet have a similar programme
Aer Lingus Regional dont start a full 6 day service until July to Dublin and no Blue Islands to Jersey after end of Jan
All in all i would imagine the passenger figures will stay pretty much the same unless Ryanair add any new routes , they never announced new services until Jan this year so possibly ?
Would be good to see Thomson adding another Palma route making it back upto 4 a week like last year , using a non based carrier like Air Europa / Iberworld the loads were full pretty much all summer
Also still a gap missing in finding a replacement carrier for the very popular Heraklion route operated by Olympic holidays which finished 2 years ago now many travel agents finding it very frustrating having to send customers continually up to Gatwick .
Thomas Cook come back please !!
P & O are operating a stand alone Barbados charter on 22 Feb 13 without Bath Travel taking seats which is a first , hopefully if it sells well they may continue with the odd flight still
Nothing really new as it stands next summer both Thomson and Ryanair have the same number of flights as this year and New Market using Small Planet have a similar programme
Aer Lingus Regional dont start a full 6 day service until July to Dublin and no Blue Islands to Jersey after end of Jan
All in all i would imagine the passenger figures will stay pretty much the same unless Ryanair add any new routes , they never announced new services until Jan this year so possibly ?
Would be good to see Thomson adding another Palma route making it back upto 4 a week like last year , using a non based carrier like Air Europa / Iberworld the loads were full pretty much all summer
Also still a gap missing in finding a replacement carrier for the very popular Heraklion route operated by Olympic holidays which finished 2 years ago now many travel agents finding it very frustrating having to send customers continually up to Gatwick .
Thomas Cook come back please !!
Last edited by MARKEYD; 31st Dec 2012 at 13:19.
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Good to see finally Aer Lingus Regional have added onward connections from Bournemouth via Dublin base to Boston , New York and Chicago with good connection times now as flight been moved back for the summer season
Noted as well that the flight is being operated throughout the summer by a smaller ATR 42 but loads have consistently been in the 46 seat average
Noted as well that the flight is being operated throughout the summer by a smaller ATR 42 but loads have consistently been in the 46 seat average
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air lingus
Lets hope Air lingus advertise the link and also canvas the local employers who would use the service, then perhaps it could be a year round link and get the 72 back
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Also don't forget Virgin Atlantic have now initiated domestic & short range flights again, utilising Aer Lingus A319's. Maybe Bournemouth Airport could persuade them to start flights to Glasgow or take over on the Dublin route?