SOUTHEND 5
Join Date: Sep 2007
Location: Essex
Posts: 1,109
Likes: 0
Received 0 Likes
on
0 Posts
I recall that we no longer mention diversions into SEN on this thread.
Understandable, but a pity nonetheless during this quiet period for the airport.
Oh, all right then, there were nine this morning.
Understandable, but a pity nonetheless during this quiet period for the airport.
Oh, all right then, there were nine this morning.
Join Date: Jun 2009
Location: UK
Posts: 546
Likes: 0
Received 0 Likes
on
0 Posts
STOBART NEWS
Stobart Aviation comprises the operations of London Southend Airport, Carlisle Lake District Airport and the investment in Stobart Air. Our target is to achieve 2.5 million passengers annually by 2018 at London Southend Airport. As expected, passenger numbers were lower than prior year, as we worked with easyJet under a new long term contract to improve load factors and yields with a view to growing volumes again in the near future. We are in talks with a number of major operators regarding sustainable new routes to achieve our growth plans by 2018.
Andrew Tinkler, Chief Executive Officer, said
"We have a stable platform for growth in our Energy and Aviation divisions, complemented by profitable realisations from our infrastructure portfolio. The Board is focussed on fulfilling the long-term biomass fuel supply agreements that are already in place in the Energy Division and on attracting new operators and passengers through our award-winning London Southend Airport over the next two years. Achieving these targets will create significant value for shareholders.
We have realised net cash of over £24m from asset disposals in the year. Cash generation from these assets will assist the Group in the payment of dividends whilst the growth divisions mature. The Board will consider further distributions of surplus cash generated on future asset realisations."
Andrew Tinkler, Chief Executive Officer, said
"We have a stable platform for growth in our Energy and Aviation divisions, complemented by profitable realisations from our infrastructure portfolio. The Board is focussed on fulfilling the long-term biomass fuel supply agreements that are already in place in the Energy Division and on attracting new operators and passengers through our award-winning London Southend Airport over the next two years. Achieving these targets will create significant value for shareholders.
We have realised net cash of over £24m from asset disposals in the year. Cash generation from these assets will assist the Group in the payment of dividends whilst the growth divisions mature. The Board will consider further distributions of surplus cash generated on future asset realisations."
Join Date: Jul 2002
Location: In the sticks
Posts: 9,862
Likes: 0
Received 0 Likes
on
0 Posts
In plain English that sounds like Easyjet holds all the cards and wants a further discount because Southend has had a taste of what the airline can do if they don't get their own way.
If they do get an agreement I wonder if they would rob Stansted of more frames to put Stansted under pressure to cut their fees?
If they do get an agreement I wonder if they would rob Stansted of more frames to put Stansted under pressure to cut their fees?
I enjoyed a lovely breakfast this morning on the 5th floor of the Holiday Inn which was enhanced by watching all nine diversions arrive. They arrived over about a 75 minute period and the handling seemed very efficient with the pax from three of the flights having to be coached to the terminal.
Join Date: Sep 2007
Location: Essex
Posts: 1,109
Likes: 0
Received 0 Likes
on
0 Posts
It is a grand view from there, isn't it? I also like the large images of the Bristol Superfreighters in the rooms.
You weren't on business with Stobart I suppose, Expressflight?
You weren't on business with Stobart I suppose, Expressflight?
Join Date: Jan 2008
Location: Luxembourg
Posts: 791
Likes: 0
Received 0 Likes
on
0 Posts
I too went with my brother to the Holiday Inn upstairs to see an almost full apron. I had read many times about the diversion days, but was never here to look. Everything had arrived by the time we ordered coffee and the fog had lifted at LCY, but a well spent one hour and £4.50 for two drinks. I did notice large areas of apron and taxiways which are obviously unusable. Do Stobart ever plan to repair these things?
I did mention the diversion before all I get my head bit off and being rude at me. That why I couldn't bothered to put bring-up-to-date.
Obviously the number of diversions into SEN is of commercial interest. And days like today with an unusual number of diversions are definitely newsworthy. Can we just avoid posting each and every single diversion as and when it happens?
Please?
Join Date: Jun 2009
Location: UK
Posts: 546
Likes: 0
Received 0 Likes
on
0 Posts
I post an RNS statement that clearly shows that the original sweetheart deal offered to Easyjet has now expired and that as a result the pax numbers (and by extension revenue) is down. The statement also states that the Air division is not making money and that the selling of assets is the only way to pay shareholders by way of a dividend. All dire news for the airport.
And what do most people concentrate on in this forum? The spotter's glee of seeing diverted aircraft whilst drinking economy priced coffee.
Maybe the mods should rename the thread "SEN spotters corner" as there seems to be a total lack of informed discussion here.
And what do most people concentrate on in this forum? The spotter's glee of seeing diverted aircraft whilst drinking economy priced coffee.
Maybe the mods should rename the thread "SEN spotters corner" as there seems to be a total lack of informed discussion here.
Join Date: Jul 2002
Location: In the sticks
Posts: 9,862
Likes: 0
Received 0 Likes
on
0 Posts
Southend is clearly stuck between a rock and a hard place. As I already stated a few posts back easyjet is in a strong position to drive hard bargain while Southend is in an incredibly weak position to even maintain its old discounts and may be forced to cut fees to even keep easyjet's reduced fleet at Southend.
While all the other London Airports have economies of scale and large income streams from retail outlets Southend does not nor does it have airlines queuing up to use Southend which must be a worry for the airport.
I am surprised that Southend does not charge a drop off fee which is becoming increasingly popular at other airports as a way to raise money. Both Stansted and Luton charge £2.50. While drivers and passengers hate it and call it a rip off it has zero impact on passenger numbers.
While all the other London Airports have economies of scale and large income streams from retail outlets Southend does not nor does it have airlines queuing up to use Southend which must be a worry for the airport.
I am surprised that Southend does not charge a drop off fee which is becoming increasingly popular at other airports as a way to raise money. Both Stansted and Luton charge £2.50. While drivers and passengers hate it and call it a rip off it has zero impact on passenger numbers.
asdf1234
The RNS statement that you posted was interesting and useful information and can certainly help to stimulate "informed discussion".
I don't see however that it obliges other posters to "concentrate" on this to the exclusion of other topics. The growing number of airlines which choose SEN as their primary LCY diversion does indicate its increasing acceptance as a LON airport and the latest addition to that list previously hadn't considered SEN. The ability of SEN to efficiently handle a large number of unexpected diversions is also of interest and a positive to comment on.
I'm sure I'm not alone on this forum in having knowledge of much that is going on in the background but not being able to post that information. Sometimes confidentiality precludes the ability to enter into "informed discussion here".
To answer Barling Manga, no I wasn't on Stobart business as I severed all official connections with them in January of last year.
The RNS statement that you posted was interesting and useful information and can certainly help to stimulate "informed discussion".
I don't see however that it obliges other posters to "concentrate" on this to the exclusion of other topics. The growing number of airlines which choose SEN as their primary LCY diversion does indicate its increasing acceptance as a LON airport and the latest addition to that list previously hadn't considered SEN. The ability of SEN to efficiently handle a large number of unexpected diversions is also of interest and a positive to comment on.
I'm sure I'm not alone on this forum in having knowledge of much that is going on in the background but not being able to post that information. Sometimes confidentiality precludes the ability to enter into "informed discussion here".
To answer Barling Manga, no I wasn't on Stobart business as I severed all official connections with them in January of last year.
Join Date: Jan 2008
Location: Luxembourg
Posts: 791
Likes: 0
Received 0 Likes
on
0 Posts
asdf1234
At risk of stirring up a hornet's nest, I feel miffed that somebody should try to dictate to others what we should or should not write about on this forum. Each separate forum should be allowed to cover the business/investment discussions, rumours/news, exchange of interesting sightings (I don't mean a list of aircraft registrations), and generally more relaxed chat like recently. When I go over to Southend airport to see how things are going, I am not there to collect aircraft registrations and I do not write them into this forum. I certainly do not enter into all the other forums and start telling people what I like and don't like to read. So if you don't enjoy reading the locals exchanging the occasional banter, either don't enter our forum again, or read and stay silent. Thank you.
Join Date: Jan 2008
Location: Luxembourg
Posts: 791
Likes: 0
Received 0 Likes
on
0 Posts
I doubt if Stobarts can cut back any more on the discounts currently available to EZY. They get almost everything already for free, and I support Stobart in wanting to make a profit in order to get a return for their investment money. This is one of the problems when having a low cost carrier like EZY or RYR with a knife held at the jugular of airport bosses. I do not see any new airlines coming to SEN in the next 18 months, so of course I hope EZY can be persuaded to add a few new routes or increase on present routes to Spain and Portugal now that tourism is down in risky countries.
Join Date: Sep 2001
Location: Home
Posts: 1,948
Likes: 0
Received 0 Likes
on
0 Posts
They get almost everything already for free, and I support Stobart in wanting to make a profit in order to get a return for their investment money.
Join Date: Nov 2015
Location: Rochford
Posts: 58
Likes: 0
Received 0 Likes
on
0 Posts
At risk of stirring up a hornet's nest, I feel miffed that somebody should try to dictate to others what we should or should not write about on this forum. Each separate forum should be allowed to cover the business/investment discussions, rumours/news, exchange of interesting sightings (I don't mean a list of aircraft registrations), and generally more relaxed chat like recently. When I go over to Southend airport to see how things are going, I am not there to collect aircraft registrations and I do not write them into this forum. I certainly do not enter into all the other forums and start telling people what I like and don't like to read. So if you don't enjoy reading the locals exchanging the occasional banter, either don't enter our forum again, or read and stay silent. Thank you.
Join Date: Jul 2002
Location: In the sticks
Posts: 9,862
Likes: 0
Received 0 Likes
on
0 Posts
If that is the case, then its a very poor business plan by Stobarts. Reminds me of Blackpool.
Stobart can dangle carrots but it does not mean they will always find a herd of donkeys who might prefer another section of beach no matter how tasty the meal might be.
Join Date: Oct 2001
Location: Starring at an Airfield Near you
Posts: 371
Received 15 Likes
on
7 Posts
Is that reason why the LCY fly path had to change over head of Southend Area noises? Order by ?
This seems to fit with the LSA consultation doc that has to explain to the public as to why their proposed SIDs are also procedurally restricted to 3000ft (and subject to ‘release’ against the LCY SIDs as they share the same initial altitude) as they don’t have the track distance available to ‘jump’ the LCY Point Merge design. However, why the Point Merge descent profile can’t have a technical intermediate stop off of 5000ft (consistent with a CDFA and that can be ‘turned off’ when LCY/LSA SIDS aren’t pending) in the vicinity of APTEV to allow LSA SIDs to go to 4000ft is a mystery to me, although I’m quite sure that there is a phenomenally good reason for not doing so buried in there!
Last edited by Downwind.Maddl-Land; 13th Mar 2016 at 18:26.