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Teesside International Airport-1

Old 15th Sep 2020, 09:47
  #741 (permalink)  
 
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Ten year plan, with a hope to move from annual loss to breakeven by year six or seven ?????
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Old 15th Sep 2020, 09:51
  #742 (permalink)  
 
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Originally Posted by davidjohnson6 View Post
Ten year plan, with a hope to move from annual loss to breakeven by year six or seven ?????
And your point is? The airport has suffered years of under-investment and a long-term view is being taken, and the Mayor clearly sees the airport as being of strategic importance to the region.
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Old 15th Sep 2020, 10:05
  #743 (permalink)  
 
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Originally Posted by Beafer View Post
A couple of photo's of the first flight, and some information on the airport running costs by the mayor.
https://www.gazettelive.co.uk/news/t...throw-18931347
shame their liveries are all over the show, you would think they could incorporate their corporate brand flying in to a worldwide hub!
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Old 15th Sep 2020, 12:35
  #744 (permalink)  
 
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Originally Posted by SWBKCB View Post
And your point is? The airport has suffered years of under-investment and a long-term view is being taken, and the Mayor clearly sees the airport as being of strategic importance to the region.
My point is that 6 or 7 years to reach breakeven is an exceptionally long time when the main physical infrastructure is already in place. Yes there has been chronic underinvestment, but I can't think of many private sector organisations that would accept 7 years of losses before hoping for a (likely modest) profit
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Old 15th Sep 2020, 12:59
  #745 (permalink)  
 
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Only half as long as Amazon!

Anyway, it's not a private sector organisation - it's being funded by a politician as part of an industrial strategy to re-generate the area. Whether you agree with him or not, he has a plan and is going for it, and is looking at transport as part of an overal regional strategy. .
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Old 15th Sep 2020, 17:11
  #746 (permalink)  
 
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A neighbour posting on FB as the only pax on the SOU this morning, in fact got a pic of being only passenger in airport!!
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Old 15th Sep 2020, 19:02
  #747 (permalink)  
 
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Originally Posted by SWBKCB View Post
And the 170 is off to BHD this morning instead of the S.2000
I seen that on flightradar24,
BA CityFlyer E170 arrived about 10 mins before the Eastern Airways E170 arrived and left about 15 mins before the Eastern Airways E170 took off
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Old 15th Sep 2020, 19:04
  #748 (permalink)  
 
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Changes in the air.

Stobart Group investor news.
https://news.sky.com/story/strugglin...wdown-11831017

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Old 15th Sep 2020, 19:37
  #749 (permalink)  
 
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That's Eddie Stobart, not the Stobart Group associated with MME?
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Old 15th Sep 2020, 23:30
  #750 (permalink)  
 
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The group.

Originally Posted by SWBKCB View Post
That's Eddie Stobart, not the Stobart Group associated with MME?
The lower part of the article was referring to the Stobart Group who are associated with MME.

Quote: " To complicate matters, Stobart Group also has an economic interest in its former sister company.

The crisis at Eddie Stobart has delivered a further blow to the embattled fund manager Neil Woodford, who owns more than 20% of the company.

The company's shares have performed dismally since its return to the stock market in 2017.

They listed at 160p, valuing the company at more than £570m, but are now worth just 71p.

The shares have slumped by 47% in the last year alone."
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Old 16th Sep 2020, 04:44
  #751 (permalink)  
 
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Originally Posted by Beafer View Post
the story is dated October 2019
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Old 16th Sep 2020, 15:32
  #752 (permalink)  
 
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4th Sept 2020 update on Stobart Group.

https://www.nasdaq.com/articles/brit...2020-09-04Sept

(Reuters) - British aviation and energy infrastructure group Stobart STOB.L said on Friday it was in early-stage discussions for the potential sale of its stake in regional airline Stobart Air and its leasing firm Propius.

The company, which bought back Stobart Air and Propius in April from the administrators of Connect Airways, said aircraft lessor Falko Regional Aircraft Ltd was one of the interested parties.

The news was first reported by the Irish Independent, which said on Friday the acquisition could be worth more than 20 million euros ($24 million) and that Falko could assume some of Stobart Group's liabilities that are linked to Stobart Air.

Stobart, which owns and operates London Southend Airport, sold Stobart Air in 2019 to Connect Airways, the owner of the collapsed regional airline Flybe that became one of the first big corporate casualties of the coronavirus outbreak.
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Old 16th Sep 2020, 16:58
  #753 (permalink)  
 
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Has Beefer got a new obsession? Thought he'd be looking closer to home.

is Stobarts involvement at MME still minimal?
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Old 16th Sep 2020, 18:18
  #754 (permalink)  
 
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Might I be alone in thinking The Mayor" has eyes on a larger prize in the big house on the banks of the Thames.

There is a Mayor in Birmingham also noting the footsteps of a previous Mayor of London & look how that has ended.
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Old 16th Sep 2020, 19:26
  #755 (permalink)  
 
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SWBKCB we all know what he's like with his OCD. Believe Stobarts involvement is all that was written in the contract nothing more or less.
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Old 16th Sep 2020, 20:05
  #756 (permalink)  
 
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Believe Stobarts involvement is all that was written in the contract nothing more or less.
And do we know what that is?
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Old 18th Sep 2020, 15:21
  #757 (permalink)  
 
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Reported by UK Aviation News:

Balkan will operate two flights per week between MME and Bourgas on Sun/Thurs from 23rd May to 19th September 2021.
Also, Alba Star will operate weekly to Palma from 25th July to 19th September 2021.
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Old 18th Sep 2020, 21:05
  #758 (permalink)  
 
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August CAA stats:

Terminal passengers: 2,529 - down 79% v prior year (by comparison, July was 1,429)
  • Aberdeen: 369 (-73% v Aug 2019)
  • Amsterdam: 1,053 (-88% v Aug 2019)
  • Belfast City: 368
  • London City: 107
  • Newquay: 630
I reckon this makes the loads on the flights in August as follows:
  • Aberdeen: 8.8 pax per flight (6.3 in July)
  • Amsterdam: 21.9
  • Belfast City: 9.7 (10.4 in July)
  • London City: 4.1 (5.8 in July)
  • Newquay: 28.7 (17.1 in July)
Clear why LCY was dropped like a stone when the slots at LHR came up. NQY has done fantastically well considering it was only launched on 4 June.

I went to NQY this week, was really impressed with Eastern although lack of both online check-in and seat selection will not impress business passengers who have to physically check in at LHR. Maybe this is a barrier to Eastern securing some codeshares on the route?
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Old 18th Sep 2020, 22:29
  #759 (permalink)  
 
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Blimey, that’s pretty sobering figures! Obviously not a specific issue to MME, but still very poor. Can’t see any of those flights making money.
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Old 20th Sep 2020, 08:21
  #760 (permalink)  
 
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LCY was just over 3 pax per flight I work out? 17 returns in the month. The July figure was only as ‘high’ as it was because of the MP freebies on the launch and carrying the Boro team to and from Millwall
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