I was chatting to an easyJet crew today and apparently easyJet have been offered hangars and large office space at Gatwick at a competitive cost and are now considering their H.Q. options. There were 8 airframes at the holding points today when London stopped all departures due CB activity in the LTMA.

As Gulfstream have found out staff are reluctant to relocate.

complete and utter rubbish regarding moving to Gatwick... Another case of creative Galley Fm

Based on recent events, what the staff think isn't necessarily an easyJet priority.

What is the advantage to Easyjet of moving its HQ 60 miles?

Leaving aside all other things like quality of accomodation and location, etc, if hangars and offices are sitting empty at LGW, maybe cheaper than what they have at present. Presumably those hangars and offices had people working in them who if they have no other prospect of work may accept lower pay and conditions.

Equally, the threat of such a move may be used to lower costs at Luton.

I don’t think they will go anywhere. They own outright the site of their new HQ which was a big thing for them. The plans have been submitted, which is to their own design but the building of it can be put off until better times.

"Luton Airport" to be "loaned" a further £60 Million by Luton Council bringing the overall total now to £400 Million...Wowzzer

That is to stave of bankruptcy. Another £23m is being loaned next year with another year of no dividend. How they know one year in advance what passenger numbers will be is a mystery.

The council set up LLAL to be the collector of rents and concession fees with no expenditure. By next year their debt will be closer to £500m than £400m when it is the concessionaire that is meant to be the investor and not the council/ LLAL

Seems the council is keen to keep its airport company’s dire financial position a secret regarding its £60 loan.

https://www.lutontoday.co.uk/news/tr...ps400m-2944478

So they are seeking legal advice as to whether the discussion should be in public and nothing otherwise of the loan? But if they are unsure of legalities shouldn't they have got this advice before they moved to exclude the public? On what basis did they think they were justified in doing that?

Stating the obvious Wizz Air UK MD tells Routes... "(We) have really maxed things out there (Luton) in terms of capacity".

Appears a few announcements around other UK airports in recent days so together with the 2nd & 3rd bases & ambitions at DSA & LGW they continue to absorb deliveries at least for the present.

It does appear in comparison with other carriers bold somewhat.

Working in the garden this morning before the rain it was Wizz, Wizz, Wizz and nothing but Wizz. With them dipping their toe in at Gatwick will their love affair with Luton come to an end?

A mirror of Ryanair and Stansted and Easyjet and Gatwick comes to mind when both airlines were once exclusive Luton.

I would imagine Gatwick management are on the case but many passengers head north from Luton so there will always be a demand.

It is a simple question but hopefully not too silly a one...

In simple terms where is this ultimate half a billion quid plus coming from & then where is it going?

Commercial Loans for Infrastructure Investment at Airport.

[QUOTE]A mirror of Ryanair and Stansted and Easyjet and Gatwick comes to mind when both airlines were once exclusive Luton.[/QUOTE]
Both outgrew Luton and victims of it's own success If we had unrestricted expansion laws then it would be the size of LHR now!

Absolutely or NOT...Croydon would be rocking it all under those auspices...haha

The Council borrows the money at one rate and lends it to their airport company at a higher rate. The airport (LLAL) gets income by being a landlord and the collector of concession fees. It is then meant to keep what it needs to pay off the interest payments back to the council. It contributes to Council approved charities and pays the Council a dividend except the money has dried up.

LLAL has borrowed £225m for the Dart. £50m for its application to government for airport expansion and £19m buying a farm. Millions were spent on buying up land around the Dart station at Parkway. It also needs £60m this year and £23m next year for interest payments for its loans and a £18m overspend on the Dart plus spending on the DCO to government as part of it needs rewriting. LLAL also has outstanding loans around £40m going back many years but I have no idea what they spent it on as it is a secret.

The Council is also committed to spending over £100m on the terminal 2 access road and upgrading the A505.

Everything listed above should be spent by the existing concessionaire or the next concessionaire as they are meant to be carrying the risks but they are having none of it and want a Council funded gift.

This is a small part of their £50m application that will be submitted to government. 1000’s of pages of documents that doesn’t even answer the question about road traffic projections or how traffic will travel the last mile from the east and the A1M to Terminal 2.

This lot is on its way to my loft.


https://i.imgur.com/hp8Qx3W.jpg

Thanks for the detailed explanation...Grateful.

Makes you wonder how the operator/concessionaire eases out of contractual commitments & if the Council have a legal team strong enough to recover for the Luton residents & taxpayers all or any of the investment/s being made.