DURHAM TEES VALLEY AIRPORT - 6
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Mr Houchen presented Lord Callanan with an aerial photograph of the airport, which the minister has displayed in his office.
Last edited by skyman771; 1st Jul 2017 at 15:54.
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WOW. WOW. WOW.
WAIT
Aviation minister??!! You're telling me that I live 20 yards from my local aviation minister and I didn't have a clue?
Mind, that's not a bad picture I might pop across the road and see if he needs it taken off his hands
WAIT
Aviation minister??!! You're telling me that I live 20 yards from my local aviation minister and I didn't have a clue?
Mind, that's not a bad picture I might pop across the road and see if he needs it taken off his hands
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Well I bloody hope so! We need somebody to stand up for regional aviation
I presume he was a regular on the NCL-BRU flights in his previous career as an MEP for the North East and leader of the Conservative party in Europe
I presume he was a regular on the NCL-BRU flights in his previous career as an MEP for the North East and leader of the Conservative party in Europe
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Parent company, accounts, partners and 4 years left
N707, I had enquired about the refuse centre application, but removed the post as nobody answered.
As for Peel they won't sell the land back to councils, they will build on it.
It may not be all houses with their current investment in shopping centres and transport logistic warehouses.
https://realestate.ipe.com/news/mark...81.fullarticle
Peel logistics is one of new Peel companies and their accounts show that 50% of the new company is owned by the Macquarie Group as shown in their latest company accounts on the last page, and also the board of directors listing.
https://beta.companieshouse.gov.uk/c...filing-history
Who are the Marqurie Group.
https://en.wikipedia.org/wiki/Macquarie_Group
DTV's 800 acres of land will be anything but aviation which is why the management would only give it a guarantee of another 5 years according to Robert Houghs question time with the press back in 2016.
Q&A with Durham Tees Valley Airport boss on holiday flights, housing and 'facing reality' - Gazette Live
So in Robert and Whitakers eyes that's 5 years and counting from 2016.
Looking back through Roberts comments, I can't see where Peel have spent £34m at the airport unless it was spent underground?
Regarding the latest DTV Airport ltd public accounts which all of the directors including councillors signed off on and filed in January 2017.
It appears the parent company Tokenhouse and Peel have taken £10m out of DTV Airport during the year up to March 2016. No wonder the airport is making a £3m financial loss!!
All here in black and white for the doubters.
https://beta.companieshouse.gov.uk/c...filing-history
As for Peel they won't sell the land back to councils, they will build on it.
It may not be all houses with their current investment in shopping centres and transport logistic warehouses.
https://realestate.ipe.com/news/mark...81.fullarticle
Peel logistics is one of new Peel companies and their accounts show that 50% of the new company is owned by the Macquarie Group as shown in their latest company accounts on the last page, and also the board of directors listing.
https://beta.companieshouse.gov.uk/c...filing-history
Who are the Marqurie Group.
https://en.wikipedia.org/wiki/Macquarie_Group
DTV's 800 acres of land will be anything but aviation which is why the management would only give it a guarantee of another 5 years according to Robert Houghs question time with the press back in 2016.
Q&A with Durham Tees Valley Airport boss on holiday flights, housing and 'facing reality' - Gazette Live
So in Robert and Whitakers eyes that's 5 years and counting from 2016.
Looking back through Roberts comments, I can't see where Peel have spent £34m at the airport unless it was spent underground?
Regarding the latest DTV Airport ltd public accounts which all of the directors including councillors signed off on and filed in January 2017.
It appears the parent company Tokenhouse and Peel have taken £10m out of DTV Airport during the year up to March 2016. No wonder the airport is making a £3m financial loss!!
All here in black and white for the doubters.
https://beta.companieshouse.gov.uk/c...filing-history
Latest figures for May released.
Total pax down again by 7%
Flagship Amsterdam continuing in a downward trend -5% to only 8293
And the other route to Aberdeen( all domestics) down 4%
Grand total 11005 pax through the terminal...don't forget that's total so roughly only 5500 departing pax.
May 31 days = 178 departing passengers per day???? Housing anyone?
Total pax down again by 7%
Flagship Amsterdam continuing in a downward trend -5% to only 8293
And the other route to Aberdeen( all domestics) down 4%
Grand total 11005 pax through the terminal...don't forget that's total so roughly only 5500 departing pax.
May 31 days = 178 departing passengers per day???? Housing anyone?
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No, Flybee have operated it for a few years using a Dash 8. As far as I can remember there has been a summer route to Jersey for many years. British Midland operated Viscounts, DC 9, Emb 145 and 737's on it. (F 100 )?
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It appears the parent company Tokenhouse and Peel have taken £10m out of DTV Airport during the year up to March 2016. No wonder the airport is making a £3m financial loss!!
All here in black and white for the doubters.
https://beta.companieshouse.gov.uk/c...filing-history
All here in black and white for the doubters.
https://beta.companieshouse.gov.uk/c...filing-history
The accounts show a loss making company that's running out of cash and that's being propped up by its owners.
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Absolutely agree on this one. Not that the accounts don't reflect the company as a basket case they do !
Very briefly, then the company have not been able to do anything to stem the horrendous £2.5 M loss in 2015, 7% rise in turnover more than offset by 10% rise in costs, though net profit further hammered by the £0.5M impairment (write off) of fixed assets.
The resulting £3m loss is to a large extent financed by inter company support, and to a lesser extent other trade creditors.
Only other point worth making is ref. fixed assets, then NBV remains same after the impairment & depreciation charges due to the £1M spend on various airport assets.
So in summary then no sign that ongoing investment is not simply being p****d away with no obvious way of aborting what is a hemorrhage of cash.
So the perennial question, why is it still trading?, & the answer has to be, as it always has been, the "off balance sheet" value of the whole asset, coupled with political pressure which prevents a more direct approach in it's realization by simply "closing the doors!".
The company itself refers in it's strategic report as to how it intends to address the deficit, and it is to " promote utilization of the wider airport site", but then it is discussion around this point that has kept this thread active for years........
Very briefly, then the company have not been able to do anything to stem the horrendous £2.5 M loss in 2015, 7% rise in turnover more than offset by 10% rise in costs, though net profit further hammered by the £0.5M impairment (write off) of fixed assets.
The resulting £3m loss is to a large extent financed by inter company support, and to a lesser extent other trade creditors.
Only other point worth making is ref. fixed assets, then NBV remains same after the impairment & depreciation charges due to the £1M spend on various airport assets.
So in summary then no sign that ongoing investment is not simply being p****d away with no obvious way of aborting what is a hemorrhage of cash.
So the perennial question, why is it still trading?, & the answer has to be, as it always has been, the "off balance sheet" value of the whole asset, coupled with political pressure which prevents a more direct approach in it's realization by simply "closing the doors!".
The company itself refers in it's strategic report as to how it intends to address the deficit, and it is to " promote utilization of the wider airport site", but then it is discussion around this point that has kept this thread active for years........
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So I'm willing to bet no one will be questioning the future of Edinburgh Airport despite them doing what Peel are doing ! Edinburgh are actually closing down an active runway for this, which is a damn sight more anti-airport than Peel's plans regardless of whether or not they've got another one to use!!
Edinburgh airport announces business and homes development - The Scotsman
Edinburgh airport announces business and homes development - The Scotsman
Hardly comparing like with like...
http://www.edinburghairport.com/abou...nburgh-airport
And calling it an active runway is also stretching it a bit. Hope they are going to use the money for some more aircraft parking, though.
http://www.edinburghairport.com/abou...nburgh-airport
And calling it an active runway is also stretching it a bit. Hope they are going to use the money for some more aircraft parking, though.
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May not be like for like but the people who scream "airports and houses don't mix" don't care what size of an airport it is. Now you've got us, Edinburgh, Manchester, Doncaster all building houses, with Newcastle and Leeds having houses built too even if not by the airports themselves.
Therefore IMO the argument is no longer valid!
Therefore IMO the argument is no longer valid!
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Well that's your view. But in reality I have seen nothing that suggests that any of those other airfields that you mentioned have taken any actions to cut services, and facilities.
Point taken that all airports are looking at ways of improving their balance sheets from the generation of additional revenue.
Point taken that all airports are looking at ways of improving their balance sheets from the generation of additional revenue.
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I've read a few posted on here and it seems this operator running the airport has zero interest in the site as a going concern.
Sadly it seems to be following the likes of Galway and Sligo (granted not as large but both badly managed).
Who's bright idea was it to order TUI to leave ?.
I have not been able to find that.
I did note the operator was allegedly chasing big business routes.
Years later they have KLM , however I note like Eastern pax numbers are dropping .
I was in a discussion about one of their other Airports in Doncaster .
That one seems to be attracting growth despite one poster who claims connections - constantly stating that airport is also doomed.
But it has a second year if healthy growth - I believe 9-10% growth?.
Back at DTV something question is they have KLM , but from what I've read - like DSA a very dull Terminal.
Worse still unlike DSA it is very very tatty.
With reduced airport services ( for the airlines).
Plus a fee.
I can tell you I think similar fees helped kill off Galway , Sligo and Waterford .
The latter of course has had more relaunches than your East Coast rail franchise.
So the concern - KLM are due to withdraw the Fokker 100 and 70 series this October.
Right at the start of the winter season , I note over a 5% drop again this month from DTV !.
WHY? , if the airport are aiming at a business and non holiday type operation why have they not rebranded the terminal , giving KLM Pax a stunning premium lounge .
No Pax fees .
And Lots of information and posters pushing the potential for onward destinations?.
I do wonder how KIM will justify sending a large Embraer unless they have the 190 version.
And perhaps Somone can clarify do they still operate smaller , SAAB 340 and Fokker 50 on any routes?.
If not will KLM simply relocate to another 'unserved' UK airport?.
Ditto Eastern , this is even worse the Aberdeen route is looking pax like water from a tap.
Eastern having read other posts don't suffer fools gladly.
The Norwich flights seem on FR24 are these real routes or aircraft swaps?.
Where does DTV Go from here ? Does your regional government ( Teesside County is it ? ) - ( im Based in County Mayo).
So not sure which area is run by whom.
Don't your TD's have powers to take the airport into public ownership.
They have done it for how many failed UK rail operators!.
While you do have Newcastle Airport and Doncaster/ Leeds and Manchester the last three are two hours drive.
My work flew me to Newcastle - again the sheer volume of traffic passing that large retail park along the A1 was horrific worse almost than the M62 .
Ok granted Personally I'm used to Ireland's quieter roads over here.
But Imho I would say DTV ,
MUST be saved as it's location is well placed to serve areas like Yorkshire cost up to Teesside ( Im thinking Whitby area into Teesside - right over to the Eastern Dales ) granted it's catchment is possibly constrained over it's rivals.
But can anyone - leaving aside money and venom against the operator but simple facts.
And finally what ideas or potential routes and operators do you think may save this failing business?.
Sadly it seems to be following the likes of Galway and Sligo (granted not as large but both badly managed).
Who's bright idea was it to order TUI to leave ?.
I have not been able to find that.
I did note the operator was allegedly chasing big business routes.
Years later they have KLM , however I note like Eastern pax numbers are dropping .
I was in a discussion about one of their other Airports in Doncaster .
That one seems to be attracting growth despite one poster who claims connections - constantly stating that airport is also doomed.
But it has a second year if healthy growth - I believe 9-10% growth?.
Back at DTV something question is they have KLM , but from what I've read - like DSA a very dull Terminal.
Worse still unlike DSA it is very very tatty.
With reduced airport services ( for the airlines).
Plus a fee.
I can tell you I think similar fees helped kill off Galway , Sligo and Waterford .
The latter of course has had more relaunches than your East Coast rail franchise.
So the concern - KLM are due to withdraw the Fokker 100 and 70 series this October.
Right at the start of the winter season , I note over a 5% drop again this month from DTV !.
WHY? , if the airport are aiming at a business and non holiday type operation why have they not rebranded the terminal , giving KLM Pax a stunning premium lounge .
No Pax fees .
And Lots of information and posters pushing the potential for onward destinations?.
I do wonder how KIM will justify sending a large Embraer unless they have the 190 version.
And perhaps Somone can clarify do they still operate smaller , SAAB 340 and Fokker 50 on any routes?.
If not will KLM simply relocate to another 'unserved' UK airport?.
Ditto Eastern , this is even worse the Aberdeen route is looking pax like water from a tap.
Eastern having read other posts don't suffer fools gladly.
The Norwich flights seem on FR24 are these real routes or aircraft swaps?.
Where does DTV Go from here ? Does your regional government ( Teesside County is it ? ) - ( im Based in County Mayo).
So not sure which area is run by whom.
Don't your TD's have powers to take the airport into public ownership.
They have done it for how many failed UK rail operators!.
While you do have Newcastle Airport and Doncaster/ Leeds and Manchester the last three are two hours drive.
My work flew me to Newcastle - again the sheer volume of traffic passing that large retail park along the A1 was horrific worse almost than the M62 .
Ok granted Personally I'm used to Ireland's quieter roads over here.
But Imho I would say DTV ,
MUST be saved as it's location is well placed to serve areas like Yorkshire cost up to Teesside ( Im thinking Whitby area into Teesside - right over to the Eastern Dales ) granted it's catchment is possibly constrained over it's rivals.
But can anyone - leaving aside money and venom against the operator but simple facts.
And finally what ideas or potential routes and operators do you think may save this failing business?.