Durham Tees Valley-7
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Join Date: Jul 2011
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So have they left of their own accord or have DTVA instigated this? And perhaps more worryingly is this an indication the mayor might be having some success?
Yep still early days but as forecast,but probably a little surprising still ,are these ABZ figures.I had heard loads were appaling but 14 flights a day means only one thing..something or someone has got to give.
Re Beafers entry,Concerning the pay back due this year of £15 million...where is that dosh going to come from? Hope it’s not from the sale of the airport land for housing..remember PEELS. Statement to plough everything back into the airport..does that count?.
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The company would never have 'paid' the pensions of former employees - that is what the pension scheme is for. Given the scheme was closed to new employees and according to the accounts any necessary company contributions have been made, there seems little point in Peel remaining in the scheme?
Some interesting remarks throughout the latest accounts such as page 14, section 1.9 ?
Note the bit about their land bank!
Re Beafers entry,Concerning the pay back due this year of £15 million...where is that dosh going to come from?
The latest accounts reveal that payments are being made to other Peel companies.
Maybe the council leaders started to look at the figures and decided to jump ship
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Seems rather outrageous regarding Peel and the Teeside workers pensions when no doubt the directors of Peel will have made sure that their own pension pots will be lined in gold.
Peel seem to be masters of blackmail and call all the shots. They went into the airport with their eyes open, made a mess of it and now expect everyone else to pay for there incompetence.
Peel seem to be masters of blackmail and call all the shots. They went into the airport with their eyes open, made a mess of it and now expect everyone else to pay for there incompetence.
Last edited by LTNman; 16th Jan 2018 at 05:43.
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Or, they went in with their eyes wide open, and are continuing to pursue the strategy that they cooked up right at the start.
Peel have been making payments to other parts of the Peel group for years so nothing to see here e.g. air traffic control is done by another part of the company not DTVA
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Durham Tees Valley Airport has local based ATC but uses the services of air traffic control services Limited. Most other UK airports have local based ATC and use the services of NATS Holdings.
Air Traffic Control Services Limited mostly work out Liverpool Airport ATC tower.
Air Traffic Control Services Limited mostly work out Liverpool Airport ATC tower.
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From looking at accounts it shouldn't take to much to make the airport business profitable.
Hopefully development of the land not currently used by the airport business will give airport business the cash windfall it needs.
The LAs still own 11% so not all the costs need to be covered by Peel Group. If the LAs do invest in more shares in airport business it will surely help the airport business develop the wider business. Peel Group and LAs can fund the growth of the airport business. Once all the land is fully developed the airport business should be a self-sustaining business.
Hopefully development of the land not currently used by the airport business will give airport business the cash windfall it needs.
The LAs still own 11% so not all the costs need to be covered by Peel Group. If the LAs do invest in more shares in airport business it will surely help the airport business develop the wider business. Peel Group and LAs can fund the growth of the airport business. Once all the land is fully developed the airport business should be a self-sustaining business.