Southend-2
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13 new routes: Alicante (5 wkly), Barcelona Reus (2 wkly), Bilbao (4 wkly), Brest (2 wkly), Corfu (2 wkly), Cluj (3 wkly), Dublin (2 daily), Faro (5 wkly), Kosice (3 wkly),
Malaga (5 wkly), Milan Bergamo (4 wkly), Palma (4 wkly) & Venice (4 wkly)
I wonder if we'll see Flybe (Stobart) change some routes now these have been announced. 3 based aircraft is good for SEN though.
Malaga (5 wkly), Milan Bergamo (4 wkly), Palma (4 wkly) & Venice (4 wkly)
I wonder if we'll see Flybe (Stobart) change some routes now these have been announced. 3 based aircraft is good for SEN though.
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With the existing cap on ATMs I think the airport is constrained by a capacity of circa 10m pax. As the new FR deal is projected to increase pax numbers to 5m I can see no capacity issues. Yes the terminal might get crowded and pax might not rate their experience as highly as they do now, but that won't affect the number of pax using SEN. If the flights are there at the right price, the pax will come. After all, just look at Luton, a miserable pax experience but fully utilised by 18m pax.
Hats off to SEN for attracting FR. Fingers crossed it works out for the airport and the wider Group who absolutely need the Aviation division to stop being a drain on Group funds.
Hats off to SEN for attracting FR. Fingers crossed it works out for the airport and the wider Group who absolutely need the Aviation division to stop being a drain on Group funds.
The FR deal appears to be 5 Million Pax over five years, i.e. 1 MIllion per year so as such it isn't projected to increase pax to 5 Million , only help SEN achieve that figure.
SEN should reach over 2 Million by 2019/2020 but presumably they are still going to need much more to get to 5 Mil?
Interesting times ahead at boardroom level for Stobart, will watch closely!
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effect on property values.
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What other airport could offer 100,000 pax pa as a golden hello? And it's not necessarily damaging to Stobart, remembering the reason they expanded their Flybe franchise so dramatically was to move SEN forward, which was stagnating at the time with a total lack of success attracting new operators.
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If an E195 does become available.........Scandinavian routes? Billund used to be ok. I heard at the time that Maersk only upped sticks and left because they were fed up with Southend council promising this, that and the other in the way of improvements with nothing actually materialising. Don't know if that's correct but it's what I heard. Surely there are plenty of Scandinavian routes worth trying?
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Southend used to be full of Scandinavian airliners flying in from Malmo and Oslo especially - Fred Olsen, BRAATHENS, Sterling, Polaris and many more. No reason why it can't be again.
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True, Wizz Air would have been a better match, but Warsaw and other Polish destinations are missing from SEN's network at the moment. No reason why a legacy airline can't survive alongside lo-co airlines provided they choose their destinations carefully.
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FR to deliver 1m extra pax
Apologies if I am not reading this correctly but,
The FR deal appears to be 5 Million Pax over five years, i.e. 1 MIllion per year so as such it isn't projected to increase pax to 5 Million , only help SEN achieve that figure.
SEN should reach over 2 Million by 2019/2020 but presumably they are still going to need much more to get to 5 Mil?
Interesting times ahead at boardroom level for Stobart, will watch closely!
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Boardroom disputes
As reported earlier here is the text of the board announcement:
Board change
The Company announces that, following the receipt of comprehensive legal advice, it has today served notice on Andrew Tinkler, summarily terminating his employment with the Stobart Group. Mr Tinkler will cease to be a director with effect from today's date.
The Company will also be issuing legal proceedings imminently against Mr Tinkler for, amongst other things, breach of contract and breach of fiduciary duty.
The Company will be writing to shareholders shortly to provide them with further information on the situation, including its concerns that Mr Tinkler and his associates are attempting to secure control of the Company.
Warwick Brady, CEO of Stobart Group, said: "Mr Tinkler's actions, particularly in recent days, have threatened to destabilise the Company and severely impacted my ability and that of my team to manage the business on a day to day basis and deliver the agreed strategy. This is against the interests of all of our shareholders."
Seems unfair that the directors can act against the founder of the company in such a callous way however it is perfectly legal for them to do so. Will this affect the airport? Who knows?
Board change
The Company announces that, following the receipt of comprehensive legal advice, it has today served notice on Andrew Tinkler, summarily terminating his employment with the Stobart Group. Mr Tinkler will cease to be a director with effect from today's date.
The Company will also be issuing legal proceedings imminently against Mr Tinkler for, amongst other things, breach of contract and breach of fiduciary duty.
The Company will be writing to shareholders shortly to provide them with further information on the situation, including its concerns that Mr Tinkler and his associates are attempting to secure control of the Company.
Warwick Brady, CEO of Stobart Group, said: "Mr Tinkler's actions, particularly in recent days, have threatened to destabilise the Company and severely impacted my ability and that of my team to manage the business on a day to day basis and deliver the agreed strategy. This is against the interests of all of our shareholders."
Seems unfair that the directors can act against the founder of the company in such a callous way however it is perfectly legal for them to do so. Will this affect the airport? Who knows?
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As reported earlier here is the text of the board announcement:
Board change
The Company announces that, following the receipt of comprehensive legal advice, it has today served notice on Andrew Tinkler, summarily terminating his employment with the Stobart Group. Mr Tinkler will cease to be a director with effect from today's date.
The Company will also be issuing legal proceedings imminently against Mr Tinkler for, amongst other things, breach of contract and breach of fiduciary duty.
The Company will be writing to shareholders shortly to provide them with further information on the situation, including its concerns that Mr Tinkler and his associates are attempting to secure control of the Company.
Warwick Brady, CEO of Stobart Group, said: "Mr Tinkler's actions, particularly in recent days, have threatened to destabilise the Company and severely impacted my ability and that of my team to manage the business on a day to day basis and deliver the agreed strategy. This is against the interests of all of our shareholders."
Seems unfair that the directors can act against the founder of the company in such a callous way however it is perfectly legal for them to do so. Will this affect the airport? Who knows?
Board change
The Company announces that, following the receipt of comprehensive legal advice, it has today served notice on Andrew Tinkler, summarily terminating his employment with the Stobart Group. Mr Tinkler will cease to be a director with effect from today's date.
The Company will also be issuing legal proceedings imminently against Mr Tinkler for, amongst other things, breach of contract and breach of fiduciary duty.
The Company will be writing to shareholders shortly to provide them with further information on the situation, including its concerns that Mr Tinkler and his associates are attempting to secure control of the Company.
Warwick Brady, CEO of Stobart Group, said: "Mr Tinkler's actions, particularly in recent days, have threatened to destabilise the Company and severely impacted my ability and that of my team to manage the business on a day to day basis and deliver the agreed strategy. This is against the interests of all of our shareholders."
Seems unfair that the directors can act against the founder of the company in such a callous way however it is perfectly legal for them to do so. Will this affect the airport? Who knows?
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As reported earlier here is the text of the board announcement:
Board change
The Company announces that, following the receipt of comprehensive legal advice, it has today served notice on Andrew Tinkler, summarily terminating his employment with the Stobart Group. Mr Tinkler will cease to be a director with effect from today's date.
The Company will also be issuing legal proceedings imminently against Mr Tinkler for, amongst other things, breach of contract and breach of fiduciary duty.
The Company will be writing to shareholders shortly to provide them with further information on the situation, including its concerns that Mr Tinkler and his associates are attempting to secure control of the Company.
Warwick Brady, CEO of Stobart Group, said: "Mr Tinkler's actions, particularly in recent days, have threatened to destabilise the Company and severely impacted my ability and that of my team to manage the business on a day to day basis and deliver the agreed strategy. This is against the interests of all of our shareholders."
Seems unfair that the directors can act against the founder of the company in such a callous way however it is perfectly legal for them to do so. Will this affect the airport? Who knows?
Board change
The Company announces that, following the receipt of comprehensive legal advice, it has today served notice on Andrew Tinkler, summarily terminating his employment with the Stobart Group. Mr Tinkler will cease to be a director with effect from today's date.
The Company will also be issuing legal proceedings imminently against Mr Tinkler for, amongst other things, breach of contract and breach of fiduciary duty.
The Company will be writing to shareholders shortly to provide them with further information on the situation, including its concerns that Mr Tinkler and his associates are attempting to secure control of the Company.
Warwick Brady, CEO of Stobart Group, said: "Mr Tinkler's actions, particularly in recent days, have threatened to destabilise the Company and severely impacted my ability and that of my team to manage the business on a day to day basis and deliver the agreed strategy. This is against the interests of all of our shareholders."
Seems unfair that the directors can act against the founder of the company in such a callous way however it is perfectly legal for them to do so. Will this affect the airport? Who knows?