Teesside-2
In the future anything is possible, but given their growth strategy over the last 10 years I don’t see any signs right now that they intend on changing tack.
So the argument that people will travel many miles to save a few quid is hardly sustainable is it, as it would suggest that people from Newcastle and Leeds would stop flying with Jet2 from NCL and LBA if Jet2 offer cheaper fares from MME.
Jet2 being profitable from LBA and NCL due high yields, suddenly Jet2 decide to also open a base at MME which invariable costs a lot of money and starts undercutting their high yield flights from LBA and NCL by offering cheaper fares from MME - which they apparently need to do to attract people from Scotland or something, presumably because the core catchment area is actually very small in the bigger scheme of things so they can’t rely on the good people of Middlesborough or Darlington to fill the seats.
I do hope if you run a business, you don’t run it like that.
Sorry we are at cross purposes - if Jet2 offered cheaper fares from MME than LBA/NCL, yes they would draw passengers from LBA and NCL, but I agree with you that Jet2 would be daft to do it. There is a small market that will always chose MME if flights are available because of its location and ease of use, but I can't see that being large enough to sustain a base and would be a significant change from their current approach.
Lots of sensible comments..who knows…does Teesside have the infrastructure to have a based 1/2 aircraft,parking already at a premium due stored and maintenance aircraft.
Is more apron space required?
And as an aside..could the Spa handle more passengers😀 !
Is more apron space required?
And as an aside..could the Spa handle more passengers😀 !
Sorry we are at cross purposes - if Jet2 offered cheaper fares from MME than LBA/NCL, yes they would draw passengers from LBA and NCL, but I agree with you that Jet2 would be daft to do it. There is a small market that will always chose MME if flights are available because of its location and ease of use, but I can't see that being large enough to sustain a base and would be a significant change from their current approach.
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I seem to remember a few years ago that there was a discussion about the size of the MME catchment area, maybe bigger now. So what has happened to all the people that used to fly from MME, would they come back if the destinations were resumed? For me it was a joy to walk through the front door and a short walk to the aircraft, now with the better security equipment which is a lot more better experience for passengers.
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Well if they are doing that, how does it make it a lucrative proposition? Think you have completely missed the point.
Jet2 being profitable from LBA and NCL due high yields, suddenly Jet2 decide to also open a base at MME which invariable costs a lot of money and starts undercutting their high yield flights from LBA and NCL by offering cheaper fares from MME - which they apparently need to do to attract people from Scotland or something, presumably because the core catchment area is actually very small in the bigger scheme of things so they can’t rely on the good people of Middlesborough or Darlington to fill the seats.
I do hope if you run a business, you don’t run it like that.
Jet2 being profitable from LBA and NCL due high yields, suddenly Jet2 decide to also open a base at MME which invariable costs a lot of money and starts undercutting their high yield flights from LBA and NCL by offering cheaper fares from MME - which they apparently need to do to attract people from Scotland or something, presumably because the core catchment area is actually very small in the bigger scheme of things so they can’t rely on the good people of Middlesborough or Darlington to fill the seats.
I do hope if you run a business, you don’t run it like that.
A lot of MME potential people will also be travelling North to fly Ryanair or TUI. If Jet2 want to capture these, do they stand a better chance basing aircraft here or adding capacity at NCL?
I’m sure the finance folks know all the answers….
Serving smaller bases would be a deviation though from the current model. Unless they plan to serve those sites from new overseas bases or begin w routes.
I think you are right on impacting their LBA/NCL flights if they serve MME. I suspect though the maths are more complicated.
A lot of MME potential people will also be travelling North to fly Ryanair or TUI. If Jet2 want to capture these, do they stand a better chance basing aircraft here or adding capacity at NCL?
I’m sure the finance folks know all the answers….
Serving smaller bases would be a deviation though from the current model. Unless they plan to serve those sites from new overseas bases or begin w routes.
A lot of MME potential people will also be travelling North to fly Ryanair or TUI. If Jet2 want to capture these, do they stand a better chance basing aircraft here or adding capacity at NCL?
I’m sure the finance folks know all the answers….
Serving smaller bases would be a deviation though from the current model. Unless they plan to serve those sites from new overseas bases or begin w routes.
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BP asking for guarantees from the mayor.
The Mayor is now being asked for guarantees from large companies regarding contracts.
https://www.gazettelive.co.uk/news/t...stors-26836243
Part of the Press quote:The Tees Valley Mayor said investors are “unduly concerned” after BP and Equinor reportedly demanded the freeport guarantee it was not involved in corruption.
On Wednesday, The Telegraph reported that BP and Equinor are understood to have asked for clauses to be added into commercial contracts with Teesworks.
It is understood this could mean damages could be paid out if the position set out in the warranty was not true. Net Zero Teesside Power, which is aiming to be the UK’s first fully integrated commercial-scale gas-fired power station with carbon capture, is currently in the running for government funding. It is a joint venture between BP and Equinor and will be based at the freeport.
It is thought that Teesworks have confirmed that the site’s assets have not been acquired due to an “unacceptable act”. It is also understood the warranties state: “Nor have they hidden or dissimulated, and will not hide or dissimulate the nature origin, location, disposition, or ownership of assets, rights or values.”
The Labour MP has called for a full investigation into the “industrial-scale corruption", he alleges is occurring at the freeport. Originally, the South Tees Development Corporation held 50% of the shares in Teesworks Limited and private developers, JC Musgrave Capital and Northern Land Management Ltd held the other 50%.
However, an agreement was reached in 2021 which means JC Musgrave Capital, Northern Land Management Ltd, and DCS Industrial Limited now hold 90%. Teesside businessman Chris Musgrave OBE is the director of JC Musgrave, while DCS Industrial Limited has Mr Musgrave and Martin Corney at the helm.
https://www.gazettelive.co.uk/news/t...stors-26836243
Part of the Press quote:The Tees Valley Mayor said investors are “unduly concerned” after BP and Equinor reportedly demanded the freeport guarantee it was not involved in corruption.
On Wednesday, The Telegraph reported that BP and Equinor are understood to have asked for clauses to be added into commercial contracts with Teesworks.
It is understood this could mean damages could be paid out if the position set out in the warranty was not true. Net Zero Teesside Power, which is aiming to be the UK’s first fully integrated commercial-scale gas-fired power station with carbon capture, is currently in the running for government funding. It is a joint venture between BP and Equinor and will be based at the freeport.
It is thought that Teesworks have confirmed that the site’s assets have not been acquired due to an “unacceptable act”. It is also understood the warranties state: “Nor have they hidden or dissimulated, and will not hide or dissimulate the nature origin, location, disposition, or ownership of assets, rights or values.”
The Labour MP has called for a full investigation into the “industrial-scale corruption", he alleges is occurring at the freeport. Originally, the South Tees Development Corporation held 50% of the shares in Teesworks Limited and private developers, JC Musgrave Capital and Northern Land Management Ltd held the other 50%.
However, an agreement was reached in 2021 which means JC Musgrave Capital, Northern Land Management Ltd, and DCS Industrial Limited now hold 90%. Teesside businessman Chris Musgrave OBE is the director of JC Musgrave, while DCS Industrial Limited has Mr Musgrave and Martin Corney at the helm.
Muddy waters..and I don’t just mean the Tees Freeport dredging scheme!
See one of the Jet 2 overhaul aircraft is ‘pinging’ on Flight Radar..possibly getting ready for delivery?
See one of the Jet 2 overhaul aircraft is ‘pinging’ on Flight Radar..possibly getting ready for delivery?
I ventured to the Southside this morning passed the rows of digger drivers with their feet up reading papers and the occasional activity moving a pile of dirt from A to B and back again. They have laid the first layer of tarmac and then laid mud into that, the top coast is really going to stick. I wonder which Christmas it will be finished by.
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It must be of concern to the airport that the mayor appears to have now gained such a reputation that commentators and the press now appear comfortable in using words like corruption.
In the last couple of weeks he claimed that the airport would close if Labour did well in the elections but this appears to have had no basis in fact. He is engaged in litigation with Teesport so are we are entitled to ask if the mayors continued involvement in the airport project is now causing damage?
In the last couple of weeks he claimed that the airport would close if Labour did well in the elections but this appears to have had no basis in fact. He is engaged in litigation with Teesport so are we are entitled to ask if the mayors continued involvement in the airport project is now causing damage?