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Prestwick-2

Old 19th Dec 2019, 16:24
  #341 (permalink)  
 
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AGS according to the Scotsman: https://www.scotsman.com/news/transp...wick-1-5064911
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Old 19th Dec 2019, 16:51
  #342 (permalink)  
 
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Originally Posted by tartan 201 View Post
Didn’t see that one coming but then again this is The Scotsman we’re talking about and they are well known for stirring the shit between GLA and PIK but I suppose we’ll know soon enough.
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Old 19th Dec 2019, 17:01
  #343 (permalink)  
 
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AGS? not sure if thats good or bad. They are not doing GLA or ABZ any favours past 2 years...
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Old 19th Dec 2019, 19:29
  #344 (permalink)  
 
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Originally Posted by CabinCrewe View Post
AGS? not sure if thats good or bad. They are not doing GLA or ABZ any favours past 2 years...
Or SOU with the flybe cuts.

They are buying the airport for that one sole Ryanair craft based and the circa 500k passengers IMO. Wouldn't even surprise me however if they shut the terminal and Ryanair took the aircraft completely out of the West of Scotland to EDI or elsewhere though!

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Old 19th Dec 2019, 21:45
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I thought it might be Persimmon.

I love PWK but I simply cannot see this as being tenable.
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Old 19th Dec 2019, 21:52
  #346 (permalink)  
 
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Originally Posted by mwm991 View Post
Or SOU with the flybe cuts.

They are buying the airport for that one sole Ryanair craft based and the circa 500k passengers IMO. Wouldn't even surprise me however if they shut the terminal and Ryanair took the aircraft completely out of the West of Scotland to EDI or elsewhere though!
Actually its three based FR aircraft durung the summer and two in the winter and its 662,000 PAX. I would suggest that whoever is buying it is buying it for far more than the PAX terminal and before the various 'know it alls' come in with their House Builder jibes I doubt very much if that is what will happen with the airfield. There is some of it that may be sold off (as there is a lot of land) for commercial purposes but the airfield will remain intact given the increase in MRO , FBO, Fuel stop, Training and cargo business. Rumour is that it may not be AGS but again pure speculation without any foundation. Time will tell.
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Old 20th Dec 2019, 16:34
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The Scotsman are reporting that the three parties were AGS, Vinci and another foreign consortium. Time will tell who actually is the preferred bidder is.
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Old 20th Dec 2019, 19:24
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Originally Posted by Navpi View Post
I thought it might be Persimmon.
Are you one of the much fabled 'know it alls' ? 😀
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Old 22nd Dec 2019, 12:30
  #349 (permalink)  
 
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Next summer looks like its losing a ton of flights. Alicante, Tenerife, Malaga, Faro, Palma, basically anything with more than 2x weekly frequency was cut, most of them were 6x weekly and are now 4x or less. Initially they were all operating high frequencies and it just seemed like the lost routes were repositioned as additional flights on existing services, but recent changes have seen some of these services chopped by as much as half of what they were originally operating at. Seems to be UK wide as I see LBA has had significant cuts on the other thread.
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Old 23rd Dec 2019, 08:18
  #350 (permalink)  
 
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So the government decided having EDI and GLA owned by the same people was a monopoly and bad for Scottish travellers.. but they've picked GLA owners as the preferred bidder for PIK? Surely not...
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Old 23rd Dec 2019, 09:20
  #351 (permalink)  
 
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Originally Posted by nighthawk117 View Post
So the government decided having EDI and GLA owned by the same people was a monopoly and bad for Scottish travellers.. but they've picked GLA owners as the preferred bidder for PIK? Surely not...
That scenario is nowhere near comparable, and you have no idea what the proposed package and conditions of sale is (eg no commercial pax ops). We don't even know for sure is AGS.
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Old 23rd Dec 2019, 18:45
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Do the AGS group really need PIK's debt? The numbers at Glasgow aren't exactly encouraging.
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Old 23rd Dec 2019, 19:28
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Originally Posted by mike current View Post
Do the AGS group really need PIK's debt? The numbers at Glasgow aren't exactly encouraging.
Ive a feeling that debt will mysteriously disappear
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Old 23rd Dec 2019, 19:31
  #354 (permalink)  
 
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Originally Posted by CabinCrewe View Post

Ive a feeling that debt will mysteriously disappear
State Aid rules are complicated, I'm not sure it's that easy.
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Old 24th Dec 2019, 17:08
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Could this interest be related to Heathrow wanting to use Prestwick as a staging post during the construction of runway 3? I think they all sit under the one umbrella.
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Old 24th Dec 2019, 21:39
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i never really understood this 'staging post' suggestion using PIK. What international air freight products for building tarmac are flown in or are local to Ayrshire that cant be found in Hounslow?
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Old 24th Dec 2019, 23:23
  #357 (permalink)  
 
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I've never understood it either. Could it be that the work scope temporarily impacts on the cargo hubs at Heathrow and they need to divert some of it elsewhere? The way the papers had it they would be building packages for the Runway 3 extension at PIK and flying them down as required, which sounded a bit of a crazy way of doing things.
Edit:- This release was from last June,
https://www.glasgowprestwick.com/gla...logistics-hub/

Last edited by Rob Royston; 25th Dec 2019 at 09:49.
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Old 25th Dec 2019, 19:43
  #358 (permalink)  
 
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If AGS take control of PIK we can be more or less sure of an end to the PAX terminal piece of the operation. We can be reasonably sure that FR currently get a super deal that ensure little return for PIK. This purchase neutralises a competitor for the long run, if FR exits or transfers their flights to GLA, then standard commercial charges will apply, and if FR completely exit the void will be filled in GLA by others. Airline charges and items such as parking will go a long way to paying for the purchase price/finance. The airport most likely will take on a focus on freight and aircraft refuelling.

The Scottish government may need to take a write down in their debt if they want to get this over the line.

Ryanair also have a maintenance base their, likely this will be a thorny issue in the context of any revision of commercials?
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Old 26th Dec 2019, 03:25
  #359 (permalink)  
 
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Originally Posted by SWBKCB View Post
State Aid rules are complicated, I'm not sure it's that easy.
It will be a lot easier when the UK leaves the EU. It would be ironic if the deal could only go ahead due a Tory government’s promise on Brexit.

The problem with this deal is that keeping Prestwick’s terminal open would make no financial sense when the passengers could be absorbed into Glasgow Airport’s terminal.
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Old 26th Dec 2019, 22:04
  #360 (permalink)  
 
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RYR maintenance.
Large hangar at Manchester available where they could rotate more aircraft ?
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