Southend-3
Join Date: Nov 2001
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You have got to feel for Esken shareholders! From £1.62, to less than 8p per share.
I wonder how many houses you could build? Nice station for the new residents to commute from too. Terminal would make for a community facility. With private equity and venture capital in control, anything is possible, unless there is some covenant keeping an airport open?
I wonder how many houses you could build? Nice station for the new residents to commute from too. Terminal would make for a community facility. With private equity and venture capital in control, anything is possible, unless there is some covenant keeping an airport open?
You have got to feel for Esken shareholders! From £1.62, to less than 8p per share.
I wonder how many houses you could build? Nice station for the new residents to commute from too. Terminal would make for a community facility. With private equity and venture capital in control, anything is possible, unless there is some covenant keeping an airport open?
I wonder how many houses you could build? Nice station for the new residents to commute from too. Terminal would make for a community facility. With private equity and venture capital in control, anything is possible, unless there is some covenant keeping an airport open?
Join Date: Feb 2019
Location: Godalming
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Interestingly, at an event in Carlisle last year, he said ‘I don’t think Stobart Group will last much longer’, and just under 12 months later, they're in the position they find themselves in today...?!
Join Date: Apr 2016
Location: Essex
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You have got to feel for Esken shareholders! From £1.62, to less than 8p per share.
I wonder how many houses you could build? Nice station for the new residents to commute from too. Terminal would make for a community facility. With private equity and venture capital in control, anything is possible, unless there is some covenant keeping an airport open?
I wonder how many houses you could build? Nice station for the new residents to commute from too. Terminal would make for a community facility. With private equity and venture capital in control, anything is possible, unless there is some covenant keeping an airport open?
Alternatively they could use their financial strength and management expertise to make a real success of the airport and take their rewards at a time of their choosing. Seems a better option to me.
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Join Date: Jul 2002
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They could of course allow the airport to fall into a state of disrepair and wind all operations down.
Alternatively they could use their financial strength and management expertise to make a real success of the airport and take their rewards at a time of their choosing.
I wonder how many houses you could build?
Join Date: Jan 2005
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Join Date: Dec 2023
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You have got to feel for Esken shareholders! From £1.62, to less than 8p per share.
I wonder how many houses you could build? Nice station for the new residents to commute from too. Terminal would make for a community facility. With private equity and venture capital in control, anything is possible, unless there is some covenant keeping an airport open?
I wonder how many houses you could build? Nice station for the new residents to commute from too. Terminal would make for a community facility. With private equity and venture capital in control, anything is possible, unless there is some covenant keeping an airport open?
I think the LTN boys on here are whistling in the wind.
I don't see Carlyle wanting to do anything other than use their funding to attract new carriers and to encourage EZY to re-open their SEN base as quickly as possible, although I'm a bit concerned regarding the shortage of airframes that the locos are suffering currently. If Carlyle can rebuild passenger numbers and revenue in this way they probably have an exit strategy in a few years. They may also have ideas on how to attract ancillary activities at SEN, to add value to the site, that have withered on the vine over the last decade or so.
I don't see Carlyle wanting to do anything other than use their funding to attract new carriers and to encourage EZY to re-open their SEN base as quickly as possible, although I'm a bit concerned regarding the shortage of airframes that the locos are suffering currently. If Carlyle can rebuild passenger numbers and revenue in this way they probably have an exit strategy in a few years. They may also have ideas on how to attract ancillary activities at SEN, to add value to the site, that have withered on the vine over the last decade or so.
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Join Date: Jul 2002
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Except Carlyle don’t run or operate any airports, they are money lenders to companies that do run and operate airports, as part of their investment portfolio. I expect them to offload Southend, as the airport will be valued at a price higher than the loans.
As I said "they probably have an exit strategy in a few years" but I'm sure before they do that they'll want to increase its potential sale value to considerably above what it is at present.
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Will Esken run the airport on their behalf or will they be kicked out? If they are kicked out I suspect Carlyle will bring in another company for the day to day running.
Join Date: Apr 2016
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I see no reason for anything other than cautious optimism right now, the future is bright and possibly orange.
Join Date: Oct 2017
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Join Date: Feb 2019
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Well, I'm in regular contact with a couple of the tenants up at CAX, they've said that the level of communication between Esken and them has been very little to nothing at all - they haven't even been told who the prospective buyer is(was) that was reported on publicly a few weeks back - yet members of the Council, the LEP & the local MP have all apparently been briefed - surely Esken must have a duty to keep their tenants properly informed of what's going on, no...?!
True, the increase in flights by easyJet is certainly positive/welcomed news, and as Expressflight says above, I'm sure CGI's first priority will be to encourage them to re-open their SEN base as soon as possible.
That said, we all know that an airport cannot survive solely with just one carrier, so it will be interesting to see how/what they do differently to Esken to attract any new carrier(s).
That said, we all know that an airport cannot survive solely with just one carrier, so it will be interesting to see how/what they do differently to Esken to attract any new carrier(s).
As far as the commercial and operational aspects of running SEN are concerned the existing management team employed by London Southend Airport Ltd. will continue to "run the airport". As majority shareholder of LSA Carlyle will supply funding and instruct the management which paths to follow to make best use of that funding in order to achieve Carlyle's vision for SEN.
Well, I'm in regular contact with a couple of the tenants up at CAX, they've said that the level of communication between Esken and them has been very little to nothing at all - they haven't even been told who the prospective buyer is(was) that was reported on publicly a few weeks back - yet members of the Council, the LEP & the local MP have all apparently been briefed - surely Esken must have a duty to keep their tenants properly informed of what's going on, no...?!
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Exactly, what pipeline of contacts do they have within the Industry? I suspect this will be a totally new ballgame for them with the LCCs having the upper hand to demand zero cost or incentives which does little on ROI for investors.
Join Date: Apr 2016
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Fair enough. You have convinced me. I am going to write to all concerned and tell them they are all a.holes who do not have a clue what they are doing and advise them to send the wrecking ball crew in.