I hear that the local authorities are keen to sell before next year as payment is due on a £320m debt. If this is the case it certainly ticks the marginal box.

Who owns NCL?
 

Just for my clarity of mind...is NCL still owned by the council and the operation contracted out? I thought it was now in (majority) private hands?
Thanks for any nfo.





roverman (a Manc born in West Jesmond)

51% owned a consortium of 7 Local authorities and 49% owned by Copenhagen Airport (who are part of the Macquarie Group)

That's a shame about the NQY route, if confirmed. I used it to get back just this morning (the longest route in England?) and was making plans for a couple more trips this summer. The alternative is BA to LHR, and the sleeper from Paddington.

I would have hoped combining NQY with CWL would have shored up the service, albeit at the expense of a longer journey time.

So who has to pay the £320m then?

I think this was the loan taken out by the previous Airport Director ,the one that the settlement was about.

if the loan is taken out in the operating business name of Newcastle airport then the airport is responsible for it like any other business would be regardless of ownership.
However the business can pay out of funds it has or ask its shareholders to inject more money (as has happened in a lot of businesses recently) or one shareholder could inject more money and increase their stake at the expense of the other or one/both shareholders could loan the business money to pay off the debt but it would be treated as a loan on their books and interest could be paid on that in the same way as it is to a bank.

It is unlikey that one of the shareholders is responsible for the entire loan unless it was part of some agreement at the time this was undertaken or unless one of the shareholders were underwriters for the loan i.e if Newcastle Airport cant pay, then whoever legally agreed to back it (in order to get the loan in the first place) could be liable.

ASW timetable has been updated on there website. Last flight will operate 28th April

NQY
 

Shame about the NQY route. Thought it would have been coming up to its most busy time.

What sort of aircraft did they use ?.

Dash 8-300....better to pull it in winter rather than summer, I would have thought.....but Eastern would have made an economics based decision.

Might Newcastle have to introduce a Passenger Facility Fee to pay of the loan?

Eastern Changes W/Effect 9th May
 

Dornier 328 (not sure where sourced from) replaces one of the JS41 and operates as follows (Mon-Fri only)

EZE4641 NCL (0640) - CWL (0750)
EZE4032 CWL (0815) - NCL (0920)
EZE4032 NCL (0945) - ABZ (1040)
EZE4035 ABZ (1105) - NCL (1200)
EZE4036 NCL (1330) - ABZ (1425)
EZE4095 ABZ (1605) - NCL (1700)
EZE4095 NCL (1725) - CWL (1840)
EZE4648 CWL (1910) - NCL (2025)

Would imagine it will be from Scot Airways. Anyone have any idea how long this aircraft will be 'leased' for?

Mint Airways
 

EC-LBC Just about to touch down after positioning in from Madrid. Will be on her fingers crossed 26/05/11 to ZTH

Didn't G-OJIB also arrive today Astraeus? Hope they have removed the Iron Maden tail motif!:E

I hope they havn't would make the place a bit more Interesting! :E

They should have captured Bin Laden alive and made him continually go through NCL airport security for the rest of his life.

Ash666,
we all know how bad ANY airport security can be and NOT just newcastle.
im sure the staff are just as fed up with constantly having to deal with people like you moaning about the process WHICH IS FOR YOUR OWN SAFTEY.
if your not happy then get the bus.

Also something else to note, the airport does not choose the way it operates security, if other airports take shortcuts then thats up to them.

Cram1075
I have "got the bus". Actually the train down and bus back. Long haul now I go from LHR and what a nice experience it is compared to NCL.
Coming back a couple of weeks ago from touchdown to getting luggage and leaving was barely 20 mins.