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Southend-2

Old 29th Nov 2019, 12:47
  #3701 (permalink)  
 
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I see that a planning application has now been submitted to Southend Borough Council for a new 6-storey, 132 bedroom hotel next door to the Holiday Inn.
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Old 30th Nov 2019, 11:30
  #3702 (permalink)  
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Eight diversions from fog-bound LCY this morning within a short space of time. Must have challenged the ground handling team.
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Old 30th Nov 2019, 12:22
  #3703 (permalink)  
 
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LTNman

I don't quite follow the logic of "When the Council put in overnight restrictions on passenger aircraft .... they clearly didn't think that the same type of aircraft flying in freight would land and take off instead." It was only scheduled passenger flight departure times that were banned overnight; all other types of flight are allowed (excepting commercial helicopters) including private passenger flights, in any size of aircraft, and freight flights, provided all such aircraft are compliant with the night noise limitations imposed. I'm sure the Council did expect some freight night movements as these have operated at SEN for decades in much greater numbers than is now the case.

In answer to your other question; no, Southend Council do not receive any fees per passenger.

Musket90

The ASL aircraft have never used Delta at all. All freight is loaded or off loaded on the North Apron stands since the start of SEN operations. I don't know if ASL use TOGA or de-rated take-off power settings. I believe EZY use TOGA but RYR de-rate whenever conditions allow.

In short the airport's official position is that they comply fully with the Section 106 agreement restrictions. Whether they have been wise to attract an ASL night operation is another matter as it was obviously going to re-ignite the night noise nuisance issue.
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Old 30th Nov 2019, 13:01
  #3704 (permalink)  
 
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Expressflight Why did they restrict passenger flights at night? My thinking is that they assumed cargo flights would be using similar aircraft as before and not 737 freighters. From a homeowners point of view a 737 is a 737 whether it is passenger or cargo so why ban passenger night flights when the same type of aircraft can fly in and out cargo?
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Old 1st Dec 2019, 12:09
  #3705 (permalink)  
 
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Perhaps EZY were happy to set up a SEN base with a 17 hour operational day, while the Council were also able to placate the noise lobby by reducing greatly the number of night movements allowed from 900 to 120 per month. That small number would not have given much scope for night scheduled pax operations in any event. In the '80s and '90s SEN supported a fairly intensive night freight operation that included types such as Carvair, Viscount, Herald, Electra, CV-580 etc., none of which were particularly quiet, so I doubt if it came as much of a surprise that the B737 later found itself in the role of freighter operations.
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Old 1st Dec 2019, 23:43
  #3706 (permalink)  
 
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Prior to Stobart taking over, how many night large movements took place regularly? Hardly any? Comparing the 80s or 90s to the 2020s is meaningless.
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Old 2nd Dec 2019, 07:31
  #3707 (permalink)  
 
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I wasn't aware we were in the 2020s yet; I must have overslept. I cannot answer your question as to the situation prior to 2009 as I was living in France at that time and didn't keep up with activities at SEN.
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Old 2nd Dec 2019, 07:36
  #3708 (permalink)  
 
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Whatever the history, it does seem strange that movement restrictions have been applied to passenger flights only, rather than all movements.

Noise is noise, irrespective of what's on the aircraft.
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Old 2nd Dec 2019, 21:56
  #3709 (permalink)  
 
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Some might be interested in this video filmed in and around Southend Airport including the control tower
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Old 3rd Dec 2019, 08:07
  #3710 (permalink)  
 
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Chisinau

What has happened to the Chisinau flights? I thought that when it dropped to one a week on Tuesdays that was for the winter period but there hasn't been one now for the last couple of weeks. Have I misunderstood or missed something?
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Old 3rd Dec 2019, 09:47
  #3711 (permalink)  
 
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Originally Posted by SEN Observer View Post
What has happened to the Chisinau flights? I thought that when it dropped to one a week on Tuesdays that was for the winter period but there hasn't been one now for the last couple of weeks. Have I misunderstood or missed something?
They restart this month, once weekly until end of March.
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Old 3rd Dec 2019, 10:45
  #3712 (permalink)  
 
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Thank you tophat and thank you LTNman for that interesting video.
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Old 6th Dec 2019, 09:39
  #3713 (permalink)  
 
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Originally Posted by asdf1234 View Post
The results are also out. Profit per passenger before taking into account the cost of attracting Whizz and Ryanair (and assuming the easyjet sweetener has all been paid), the cost of finance interest and the cost of building the airport, is below £4. The airport needs this to be above £8 to make a profit. i.e. in excess of a 100% improvement.

With dwindling resources and having mortgaged the entirety of the Eddie Stobart shares they hold, the board has decided not to pay shareholders a dividend going forward until such time as the airport becomes profitable. What little cash they have left is to be invested in the 2nd hotel and new arrivals terminal. This is the final gamble!

As an aside, the airport is focussing entirely on the departure experience which in itself is not surprising, as it is departing pax that spend money which goes to the airport. However the inbound pax experience is important and to date I've found the queuing at immigration and the luggage belt unacceptably long for a small airport. Hopefully the upcoming investment programme will allow a budget for the installation of automatic passport readers.
The mortgaged Eddie Stobart shares may be the downfall of the Stobart Group today. Andrew Tinkler is positioned to buy the trucking group who are in a financial mess. There is a second bidder in the frame and shareholders are voting today on who should take the group forward. If no agreement can be reached the banks will foreclose. Interestingly, if Tinkler succeeds in his bid, the banks will still call in their loans. Either way this is not good news for the airport owners who borrowed £53m against their shareholding in Eddie Stobart. If the shareholding turns to dust, the £53m becomes repayable immediately, and with no cash available the Stobart Group may well follow Eddie Stobart into receivership.
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Old 6th Dec 2019, 13:14
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There is a second bidder in the frame and shareholders are voting today on who should take the group forward.
The vote went the way of the other bidder, not Tinkler
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Old 6th Dec 2019, 14:29
  #3715 (permalink)  
 
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Shareholder approval was "overwhelming" in favour of the DBAY proposal and will result in the injection of £55m of new financing to provide the required financial stability. The FCA has acted quickly in granting the application for a Change of Control of the company that was a condition of the deal being implemented.

Over to you asdf1234.
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Old 6th Dec 2019, 14:53
  #3716 (permalink)  
 
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Originally Posted by Expressflight View Post
Shareholder approval was "overwhelming" in favour of the DBAY proposal and will result in the injection of £55m of new financing to provide the required financial stability. The FCA has acted quickly in granting the application for a Change of Control of the company that was a condition of the deal being implemented.

Over to you asdf1234.
i understand from the BBC that the new deal sees DBay increase itís shareholding to 51% and will lend £55 million to Eddie Stobart Logistics at a rate of 18% so the Stobart Groups shareholding will be diluted. I donít believe there is an immediate threat but the Group is not out of the woods yet
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Old 6th Dec 2019, 15:38
  #3717 (permalink)  
 
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That £55 million is to stop the group folding I would have thought. Not sure how one bit of Stobart connects to the Stobart aviation side but for the future prosperity of Southend Airport maybe the lease needs to be sold. That idea might not go down too well here but if you was an institution would you lend Stobart new money to expand the airport when it is in financial difficulties? Stobart might find there are no airport investors or the interest rates are too high for those willing to take the risk. I would assume the collateral would normally be the airport but then Stobart doesn't own the airport.
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Old 6th Dec 2019, 16:19
  #3718 (permalink)  
 
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The £55m is for Eddie Stobart - the Haulage company. Stobart Group, the airport operator, are a seperate firm.

According to asdf1234 above, Stobart Group are also shareholders in Eddie Stobart, and have borrowed against the value of these shares.

Media reports describe the £55m of new financing as a "high interest loan".
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Old 6th Dec 2019, 21:33
  #3719 (permalink)  
 
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Originally Posted by Expressflight View Post
Shareholder approval was "overwhelming" in favour of the DBAY proposal and will result in the injection of £55m of new financing to provide the required financial stability. The FCA has acted quickly in granting the application for a Change of Control of the company that was a condition of the deal being implemented.

Over to you asdf1234.
Good news for ESL today however their shares still suspended and as mentioned elsewhere, the bail out of ESL comes at an eye-watering cost. Stobart Group mortgaged their shares in ESL and that debt remains unpaid today. The danger of Stobart being in default remains extremely high as the underlying security is still worthless (as the shares can't be sold or traded).

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Old 9th Dec 2019, 20:55
  #3720 (permalink)  
 
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As the airport grows, so does the tension between those adversely affected and the management.

There is nothing new in the the Echo report, except Glyn Jones stating that Bizz Jets are no longer 24/7.

https://www.echo-news.co.uk/news/180...ghbours-homes/

Last edited by DC3 Dave; 10th Dec 2019 at 07:35.
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