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DURHAM TEES VALLEY AIRPORT - 6

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DURHAM TEES VALLEY AIRPORT - 6

Old 12th Sep 2014, 12:27
  #201 (permalink)  
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Perhaps it's not quite as bad as feared?

Aircraft firm's North-East commitment (From The Northern Echo)
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Old 12th Sep 2014, 17:38
  #202 (permalink)  
 
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Good and bad news for them I guess :/

Fingers crossed they win a couple of bids and we see something arriving shortly!
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Old 12th Sep 2014, 18:27
  #203 (permalink)  
 
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Exclamation KLM downsize

I know a little in the future but should we be worried about the klm new policies?

While Transavia would be very welcome...I can't see 3 B737 800 aircraft a day on the service

At best two a day. Even then. A massive increase in available seats? Thinking again...maybe we should be concerned?????
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Old 12th Sep 2014, 19:50
  #204 (permalink)  
 
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Has a post been deleted?

If not can you explain what you are on about highwideandugly? What has Transavia got to do with the Teesside flight.
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Old 12th Sep 2014, 20:53
  #205 (permalink)  
 
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KLM/Air France are looking to transfer a lot of short haul to Transavia who they aim to convert into a LCC to compete with EZY and RYR. From the reports I've read it isn't clear if it includes the regional routes operated by Cityhopper, or is just the mainline shorthaul flights.
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Old 12th Sep 2014, 21:20
  #206 (permalink)  
 
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Many thanks SWBKCB.
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Old 17th Sep 2014, 11:48
  #207 (permalink)  
 
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Thumbs down Master plan

Well ,looks like sycamore are in financial difficulties as we all thought.latest press release(link on dtv movements) seems to be saying as much.

So that's part of peels master plan up in smoke?

Look forward to next revelation...cynical. Me??...:
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Old 17th Sep 2014, 11:53
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Well of course they are. Any time any one released some statement about how they're 'committed' to a place usually means the exact opposite.
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Old 17th Sep 2014, 16:37
  #209 (permalink)  
 
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New cafe/lounge has just opened:

http://www.durhamteesvalleyairport.c...rt-lounge-cafe
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Old 17th Sep 2014, 20:23
  #210 (permalink)  
 
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Beafer, stop -stirring, Thomson and Sycamore are two completely different scenarios. If you ran a business would you allow a client to continue to use your product, or in this case facility, if they weren't paying their bills??

All it would take is for Sycamore to win one aircraft contract and problem solved (in the short-term at least).
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Old 17th Sep 2014, 20:34
  #211 (permalink)  
 
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Actually, Beafer does almost make a fair point. The masterplan, as repeated by the DTVA spokesman below, sets great store in the dismantling etc industry - this show it to be a somewhat precarious, cyclical business. How does that look if you're trying to attract significant infrastructure investments?

If I didn't have any other potential revenue stream from that building and I was looking to encourage that client to grow to support my own expansion plans, I probably would let them use it until it became clear I was chucking good money after bad.
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Old 17th Sep 2014, 22:19
  #212 (permalink)  
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I think both Beafer and Robert make valid points, but one thing I've learnt over the last couple of years is, as outsiders looking in, you never see the full picture and there will be factors we're unaware of.

Perhaps it's a case of they've recently had their fingers burnt with a certain other firm so they're not taking any chances? Who knows.
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Old 17th Sep 2014, 22:46
  #213 (permalink)  
 
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Kick 'em out or bide your time?

Sycamore report that they have several million pounds worth of recovered equipment stored awaiting buyers. It's not cash in hand, but they are a new company finding their way in a competitive world. Why don't Peel give them a chance?

They have nothing to loose and have the option of an empty hanger or the chance that Sycamore will go from strength to strength in just a few years when the scrapping industry picks up again. It's a cyclic time, with ups and downs in the industry.
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Old 17th Sep 2014, 22:48
  #214 (permalink)  
 
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The hangar still holds a quantity of valuable items.
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Old 18th Sep 2014, 01:04
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As far as I can tell, Sycamore is acting as a tenant, paying rent to landlord DTV airport in return for use of a hangar.
It would seem that the tenant has been either unable or unwilling to pay the rent in full and on time.

Initially one might expect a landlord to be a bit forgiving - all businesses go through a bad month now and again and one sometimes has to be a bit flexible on things. If this happens on a regular basis, a landlord will typically give an ultimatum to the tenant - pay up on time in full, or I will evict you.

A landlord who continually forgives regular underpayment or late payment of rent without enforcing a penalty is in effect telling not just the tenant in question, but all other tenant of that landlord (eg companies renting retail units in the terminal) that it's not necessary to pay the rent each month because nothing bad will ever happen.
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Old 18th Sep 2014, 22:43
  #216 (permalink)  
 
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Dropped off a relative for the KLM flight and picked up later last week. It was like the good old days of flying. Dropped off outside of departures and picked up outside of arrivals. 20yard walk at both. Free parking. 14mins from switch off engines to sitting in car at arrivals which included hold baggage. 1 minute later exited car park. Bliss.
What a shame it's all going down the pan.
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Old 19th Sep 2014, 12:52
  #217 (permalink)  
 
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Dropped off a relative for the KLM flight and picked up later last week. It was like the good old days of flying..........
Yes just like Croydon in the 1930's !

And you see this as progress ?
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Old 19th Sep 2014, 13:18
  #218 (permalink)  
 
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Fair bit of discussion on this "locking out" business. To add a few points to this matter then, I fear the situation is far more serious than :-
All it would take is for Sycamore to win one aircraft contract and problem solved (in the short-term at least).
Apart from the fact that the matter is obviously one of liquidity, & there clearly isn't any cash to pay creditors, there is the matter of raising additional finance...then there are more fundamental issues..
The scenario suggests that Sycamore were in arrears in their rent payments to landlord Peel. However many Peel bashers out there, then ironically it is quite likely that their decision to "Lock out" Sycamore was forced upon them. I would suggest that it is quite likely that Sycamore had another creditor with whom they were in default, and that upon being unpaid took legal action, and a bailiff with walk in possession was appointed to seize goods to the value of their debt. Such a situation would likely initiate a scenario where the landlords Peel were forced to act to protect their own position.
Seems to suggest that Sycamore are likely to go into administration, or in the event of lack of new investment / sale then it's possibly liquidation.
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Old 19th Sep 2014, 18:40
  #219 (permalink)  
 
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Thumbs down August passenger figures

Not sure where these fit in to the peel master plan anymore???

Not good.

Total down -11.5%. At only 12402 for the month. (Running total. 144613 year on year-11.5%)

Aberdeen-3%. (Ncl. Up. 9%)

Amsterdam. -3%. (Ncl. Up 9%)

Movements also down.


Someone please explain which direction we are going???
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Old 20th Sep 2014, 09:41
  #220 (permalink)  
 
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Someone please explain which direction we are going???
From International Airport to small Aerodrome

The term airport may imply a certain stature (having satisfied certain certification criteria or regulatory requirements) that an aerodrome may not have achieved. That is to say, all airports are aerodromes, but not all aerodromes are airports. (from "Wiki" - Aerodromes definition v Airport)
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