Prestwick-2
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Does that answer some of the above rubbish, and even educate some of you just a little ?
Well, the SNP saved Prestwick Airport, They have written off £33M of the debt,
I've no issues with The Scottish Government owning Prestwick Airport, but they need to be realistic & honest about its future for it to (quite rightly) prosper.
That £33M(?) has gone (in part) to increase profits at the only based airline & subsidise outbound tourism. Had the money been spent on developing the non-airline aviation industry there, the area/country as a whole may have benefitted more.
The Scotsman has an agenda - it's an Edinburgh 'newspaper'
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The BAA did not sell off and close Runway 21/03. They did sell off some land well beyond the end of 21 which became a retail park and effectively precluded further extension of the runway. During the latter years of the BAA's ownership the active length was reduced to almost half to save on maintenance costs. It was never closed as at the time of the shortening the BAe Flying College was making intensive use of the runway. After the BAA sold the airport, the runway was restored to its full length.
The BAA did not sell off and close Runway 21/03. They did sell off some land well beyond the end of 21 which became a retail park and effectively precluded further extension of the runway. During the latter years of the BAA's ownership the active length was reduced to almost half to save on maintenance costs. It was never closed as at the time of the shortening the BAe Flying College was making intensive use of the runway. After the BAA sold the airport, the runway was restored to its full length.
Later the first third was re-activated at cost as it was discovered that AS-202s with student PPLs on board were being challenged with 30 kts crosswinds on too many days.
But it *was* withdrawn from use at one point and was allowed to deteriorate. I walked across it with my dad back in the late 80s before they reopened it, it was in a real mess with many weeds and holes.
Last edited by Skipness One Foxtrot; 25th Nov 2019 at 16:26.
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Don’t know if BAA ever owned the land beyond the threshold of 21/03 as this was owned by the Ministry of Defence and was the old RAF Ayr. There are still remnants of a couple of the runways , taxiways and fuel stores. Part of the Infratil master plan was to sell off the secondary runway for building purposes supposedly for aviation related activities but South Ayrshire Council weren’t convinced and denied planning permission
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https://www.bbc.co.uk/news/uk-scotla...iness-50780934
Losses reduced by growth in cargo and a large increase in fuel sales
Losses reduced by growth in cargo and a large increase in fuel sales
Prestwick Airport has shown a "major improvement" in its financial performance in the last year, according to its annual report.
Accounts filed with Companies House showed the Scottish government-owned airport cut its operating losses to £1m. That was compared with £3m the previous year. Revenue also increased by 35%, from £18.2m to £24.6m.
Capital expenditure on operating assets also reduced year-on-year to £2.6m. The total loss for the year, including loan interest, was £3.8m - a 50% reduction on the previous year.
The airport was taken into public ownership six years ago, after being threatened with closure following heavy losses. In June, the Scottish government announced plans to sell the airport. Transport Secretary Michael Matheson said last month that bids for the state-owned airport were still being considered, despite a 4 October deadline passing.
The airport's annual report stated: "Cargo growth was strong and we expect this growth to continue as we expand our business development activity in this sector and further develop discussions with other dedicated cargo carriers. Glasgow Prestwick continues to be a vital strategic transatlantic fuel stop location for both military and commercial aircraft. Year-on-year fuel sales have increased by 79% due to ongoing business development efforts and our growing reputation for providing an excellent service to these operators."
The airport is run by TS Prestwick Holdco, a private limited company wholly owned by the Scottish government.
Accounts filed with Companies House showed the Scottish government-owned airport cut its operating losses to £1m. That was compared with £3m the previous year. Revenue also increased by 35%, from £18.2m to £24.6m.
Capital expenditure on operating assets also reduced year-on-year to £2.6m. The total loss for the year, including loan interest, was £3.8m - a 50% reduction on the previous year.
The airport was taken into public ownership six years ago, after being threatened with closure following heavy losses. In June, the Scottish government announced plans to sell the airport. Transport Secretary Michael Matheson said last month that bids for the state-owned airport were still being considered, despite a 4 October deadline passing.
The airport's annual report stated: "Cargo growth was strong and we expect this growth to continue as we expand our business development activity in this sector and further develop discussions with other dedicated cargo carriers. Glasgow Prestwick continues to be a vital strategic transatlantic fuel stop location for both military and commercial aircraft. Year-on-year fuel sales have increased by 79% due to ongoing business development efforts and our growing reputation for providing an excellent service to these operators."
The airport is run by TS Prestwick Holdco, a private limited company wholly owned by the Scottish government.
'Turnaround continuing'
Airport chief executive Stewart Adams welcomed the latest figures. He said: "The turnaround of the business is continuing apace. The long-term strategic goal of developing all our potential revenue opportunities whilst strictly controlling our cost base is producing positive results. We are far from complacent but the signs are very encouraging."'Significant progress'
A Scottish government spokesman said: "Glasgow Prestwick Airport is operated on a commercial basis and at arm's length from the Scottish government. These accounts show that the financial performance of the business continues to improve with revenue increasing and operating efficiencies achieved. Significant progress has been made since we bought the business in 2013 and it remains our intention to return it to the private sector. Good progress is being made with the sale process."
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When was the last time Prestwick made a profit? Has it every made a profit?
I visited the terminal maybe 10 years ago and thought the place was in a time warp from the 60’s even then. I loved the building but then I like dated buildings that time had forgot. I guess nothing much has changed since my last visit?
I visited the terminal maybe 10 years ago and thought the place was in a time warp from the 60’s even then. I loved the building but then I like dated buildings that time had forgot. I guess nothing much has changed since my last visit?
Ideally it would sit at the centre of a good catchment area, it sits at a western extremity wheres EDI in the east pulls in Dundee, Aberdeen and Newcastle.
Looks like the route to profitability is military fuel stops, PIK (like SNN) needs a good war!
Looks like the route to profitability is military fuel stops, PIK (like SNN) needs a good war!
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Growth, being fuel stops and cargo, doesn’t need the 1960s terminal. Would be interesting to know what the results would have been without the cost of running the terminal and subsidising FR.
plus the obligatory Science Park as well I guess...................
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Talks stall...
CH Aviation PIK Sale
CH Aviation PIK Sale
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Talks stall...
CH Aviation PIK Sale
CH Aviation PIK Sale
https://www.google.com/amp/s/www.sco...-1-5049720/amp.
However, I don't think think that they're one of the current bidders as the article quotes the chap from OA saying “We decided not to renew our bid. Having been through it before, there was no point in spending on further bid costs"
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Preferred bidder appointed:
https://www.dailyrecord.co.uk/ayrshi...rport-21129388
https://www.dailyrecord.co.uk/ayrshi...rport-21129388
From BBC
The Scottish government has chosen a preferred bidder for Prestwick Airport.
The airport was taken into public ownership in 2013, after being threatened with closure following heavy losses. Transport Secretary Michael Matheson said he had accepted a recommendation from the airport's operators to appoint a preferred bidder. However, he said that he was not able yet to disclose the identity of the bidder involved.
Mr Matheson revealed last month that bids for the state-owned airport were still being considered, despite a 4 October deadline having passed. In a written statement on Thursday, the minister said the Scottish government had made it clear in 2013 that it intended to return Prestwick to the private sector "when the time was right". He said: "We were pleased that the opportunity to buy the business, set out in the Official Journal of the European Union, attracted considerable interest. Following careful consideration of the bids received, I have accepted a recommendation made by TS Prestwick HoldCo to appoint a preferred bidder. To protect the integrity of the process I am not able to disclose the identity of the bidder at this time but we remain satisfied that good progress is being made in the interests of the business."
Scottish Conservative transport spokesman Jamie Greene said: "If there is positive news about a potential buyer for Prestwick Airport then that process should be allowed to take course and progress. But the Scottish Conservatives have been clear since the airport was nationalised, a significant amount of taxpayers' money has been loaned, not gifted, to this business and we fully expect that any deal which comes to fruition will seek to recover that cash."
Last week, Prestwick Airport reported a "major improvement" in its financial performance in the last year. Accounts filed with Companies House showed the Scottish government-owned airport cut its operating losses from £3m to £1m.
The Scottish government has chosen a preferred bidder for Prestwick Airport.
The airport was taken into public ownership in 2013, after being threatened with closure following heavy losses. Transport Secretary Michael Matheson said he had accepted a recommendation from the airport's operators to appoint a preferred bidder. However, he said that he was not able yet to disclose the identity of the bidder involved.
Mr Matheson revealed last month that bids for the state-owned airport were still being considered, despite a 4 October deadline having passed. In a written statement on Thursday, the minister said the Scottish government had made it clear in 2013 that it intended to return Prestwick to the private sector "when the time was right". He said: "We were pleased that the opportunity to buy the business, set out in the Official Journal of the European Union, attracted considerable interest. Following careful consideration of the bids received, I have accepted a recommendation made by TS Prestwick HoldCo to appoint a preferred bidder. To protect the integrity of the process I am not able to disclose the identity of the bidder at this time but we remain satisfied that good progress is being made in the interests of the business."
Scottish Conservative transport spokesman Jamie Greene said: "If there is positive news about a potential buyer for Prestwick Airport then that process should be allowed to take course and progress. But the Scottish Conservatives have been clear since the airport was nationalised, a significant amount of taxpayers' money has been loaned, not gifted, to this business and we fully expect that any deal which comes to fruition will seek to recover that cash."
Last week, Prestwick Airport reported a "major improvement" in its financial performance in the last year. Accounts filed with Companies House showed the Scottish government-owned airport cut its operating losses from £3m to £1m.
