Teesside International Airport-1
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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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
https://www.gazettelive.co.uk/news/t...throw-18931347
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
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. .
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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Changes in the air.
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The group.
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."
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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Stobart Group investor news.
https://news.sky.com/story/strugglin...wdown-11831017
https://news.sky.com/story/strugglin...wdown-11831017
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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.
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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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.
There is a Mayor in Birmingham also noting the footsteps of a previous Mayor of London & look how that has ended.
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.
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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August CAA stats:
Terminal passengers: 2,529 - down 79% v prior year (by comparison, July was 1,429)
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?
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
- 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)
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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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
