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Durham Tees Valley-7

Old 13th Apr 2018, 22:08
  #701 (permalink)  
 
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Simple it was knackered and needed loads of money investing into it. If the councils hadn't disposed of it what could they have done? Sold it for houses?
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Old 14th Apr 2018, 01:13
  #702 (permalink)  
 
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Is it true that Peel got the airport
for “next to nothing”?

At the point of acquisition by The Peel Group
in 2003, DTVA was making a loss of circa
half a million pounds per annum. In addition,
the business was carrying significant historic
cost burdens including large pension liabilities.
This would of course be reflected in the
value of the business. And the value was
set by the local authorities at the time.
Airports are renowned for their large
capital expenditure requirements.
At DTVA, The Peel Group has invested in:
– Fire vehicles
– Airfield resurfacing
– Air traffic control radar enhancements
– X-ray security equipment
– Car park extensions and surfacing
This list is far from exhaustive. In addition to
£26 million in capital investment, much of
which is not necessarily obvious to the
travelling public, the business has borne the
entirety of the annualised financial losses creating
an investment of over £36 million, relieving the
local authority and taxpayer of this burden.
Taken from the Your Questions Answered document. A perfectly satisfactory answer, even if some don't think so
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Old 14th Apr 2018, 05:26
  #703 (permalink)  
 
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N707ZS response is broadly as I understand it as well.

As for N-M-B's quote, it is an answer but whether it is a perfectly satisfactory one might be resolved by the FOI request. Hopefully it will reveal what the original contract defined by way of the term "investment" (para 46). For example does it include annual operational losses, which I don't think most people would expect it to cover.
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Old 14th Apr 2018, 07:23
  #704 (permalink)  
 
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Re the quote above..was making a loss of 500k per annum.does anyone have the up to date loss/ profit figures for comparison?
Most of the improvements were probably legislation driven.

Since that momentous day in 2003 the airport has been on a slow side aviation wise until this point in time.2018 will bring the lowest passenger figures since 1971,less movements and less schedule aviation activity.The place is a shadow of its former glories.Future uncertainty continues.

PEEL ? Good landlords..methinks not.
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Old 14th Apr 2018, 09:56
  #705 (permalink)  
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The document NMB references also shows that the "slow slide aviation wise" as highwide puts it, is largely not their fault. For the last few years they've been trying to get blood out of a stone, and now they've finally found some, a Mayor comes along...
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Old 14th Apr 2018, 10:44
  #706 (permalink)  
 
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RR broadly true..but has been said many times..PEEL,if they had the will and desire..could with their financial clout..have invested massively to make the airport a potential success..instead of this hiatus it finds itself in.
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Old 14th Apr 2018, 10:56
  #707 (permalink)  
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They have will and desire to spare, you don't go throwing millions at something in the hope it might trigger something, it needs to work on its own terms
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Old 14th Apr 2018, 11:38
  #708 (permalink)  
 
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R-R - you reference the Mayor's interference, this seems to be around £500k to move the airport forward. Hardly "throwing millions".

Similarly, the Thomson and Balkan flights were dropped as "unsustainable" when somebody had signed the contracts with these airlines (Balkan hadn't even started!).

In some cases Peel have been victims of circumstances, but it isn't always somebody else's fault.
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Old 14th Apr 2018, 12:07
  #709 (permalink)  
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SWBKCB we don't know the full SP regarding the 500k...the council's own 11% perhaps 500k is 11% of what is required?? And the contracts were signed on the belief more was to be forthcoming, and sadly it wasn't
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Old 14th Apr 2018, 12:38
  #710 (permalink)  
 
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TVCA documents talk about Peel matching the £500k of public money requested.
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Old 14th Apr 2018, 17:28
  #711 (permalink)  
 
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We're going over old ground again on here. Let's say the FOI request reveals skullduggery (I suspect it will be heavily redacted), what then?? Can't get rid of Peel as no other PLC will touch the place and the Mayor and TVCA are not fit for the purpose. If I were Peel I'd just be sat with a beer in my hand laughing my head off saying we don't give a f...
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Old 15th Apr 2018, 19:50
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Council officers and executives who were involved - time to reveal all

Originally Posted by No-More-Bullschit
We're going over old ground again on here. Let's say the FOI request reveals skullduggery (I suspect it will be heavily redacted), what then?? Can't get rid of Peel as no other PLC will touch the place and the Mayor and TVCA are not fit for the purpose. If I were Peel I'd just be sat with a beer in my hand laughing my head off saying we don't give a f...
They cant redact any of the details. The judge has clearly stated that.
Peel may not give a f.... but there will be certain people in the councils who were involved who most definitely be twitching right now.
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Old 16th Apr 2018, 08:38
  #713 (permalink)  
 
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So are Peel saying even if they had allowed more airlines to fly from MME, they would make even more of a loss than they do now. As stated before, more passengers through the gates would mean more income within the terminal and of course more rental opportunity.
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Old 16th Apr 2018, 09:16
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Originally Posted by oldart
So are Peel saying even if they had allowed more airlines to fly from MME, they would make even more of a loss than they do now. As stated before, more passengers through the gates would mean more income within the terminal and of course more rental opportunity.
More passengers also means more cost, I believe that is the issue.
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Old 16th Apr 2018, 13:20
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Originally Posted by tigertanaka
More passengers also means more cost, I believe that is the issue.
So is there a figure on how many passengers it would require to break even?
I presume it is more than one full plane load an hour!
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Old 24th Apr 2018, 14:49
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Land for sale next to airport entrance. 4.9 acres

Planners have already given planning permission for 55 houses on this plot which is opposite the motorhome site.
Maybe the developers who went through the planning process have been put off by the flooding which occurs behind the site.
Price on application. Thought Peel would have bought it?
Land for sale in DL2, DL2
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Old 24th Apr 2018, 18:19
  #717 (permalink)  
 
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Eight days without a post..so quiet and no aviation news whatsoever..good job Beafers on the case!
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Old 24th Apr 2018, 18:33
  #718 (permalink)  
 
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An airport like Teesside isn't exactly going to produce newsworthy material all that often even with all the will in the world. Beafer is having to scrape the barrel just to provide content
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Old 24th Apr 2018, 20:11
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So... "still no sign of anyone else joining Balkan for next years summer program yet?"
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Old 24th Apr 2018, 22:07
  #720 (permalink)  
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There is hope that the presumed based aircraft operating leisure flights that the Mayor blocked is only postponed until 2020 rather than cancelled outright, but it's purely speculation
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