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Well they have a lease till 2144 on Southend airport of which they valued the lease at about £43m.
I believe the land and buildings at Southend are valued at £129m+ |
Originally Posted by N707ZS
(Post 10357994)
oldart Stobart are an airport operating company, they operate Southend and Carlisle. It is rumoured the mayor has asked them to run DTVA for him. The Flybe business is something totally different.
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Stobart..
I recall the Stobart manager at CAX proudly and quite happy to tell us they had offered easyJet the sane deal as they did to entice them to Southend , t
( No fees ). Though I did think the idea of ab easyJet 319 , I do know you can get a 320 in there as the Vulcan could use the old main runway and it's the same length as Vagaries. But it Won't! Be seeing easyJet. However MME, perhaps if Stobart do rescue it and do the same there might just entice easyJet to base one or two Aircraft there . But then would it really work when Loganair couldn't make it work , or was that because they laid on the same route as was already present . Perhaps if it had been Inverness or Stanstead( for example, or Edinburgh) it might have kept them . And would if the Airport closes that all coveted route that KLM operate goto another Peel Airport , Eg DSA, ( I thought they'd tried LPL but hadn't stayed ). Either way they cannot allow it to close , history shows us, that Airport can make money , folk would argue , yes but it's been NCL , LBA and an ever busier DSA But apart from. The latter those other airports where present before , and just as busy. It does seem odd, that Peel let it go as far down as it did . Unless it was the land they wanted from the start . |
EGPO, could barely understand that! But to comment on the last line, the land is valued at £250m, if they ever only wanted the land they wouldn't have accepted £40m for it.
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Originally Posted by Robert-Ryan
(Post 10359502)
EGPO, could barely understand that! But to comment on the last line, the land is valued at £250m, if they ever only wanted the land they wouldn't have accepted £40m for it.
Please do not make out Peal to be benevolent hero's !! |
I ain't making them out to be hero's, the Mayor himself admitted if he couldn't make the airport work they had £250m worth of developable land
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https://www.gazettelive.co.uk/news/t...tract-15685166
Irresponsible and in cloud-cuckoo-land!! 'We will target EasyJet because their planes already use the airport for training' - can't fail with that reasoning!!! And also not going to happen now that the goal posts have moved and the full five TVCA members need to unanimously vote it in, not just a majority |
Just read the Gazette piece. It's all about passenger traffic in favour of recreational destinations. It predicts itself that losses would continue for years even in the most optimistic scenario. My appetite is waning! I thought this would be a small part of the plan and the bigger piece would be about freight, other airport ops and modest changes to business routes. Going after EasyJet and Flybe is a monumental risk. If it were that easy...it would have been done. Much more pessimistic today!! |
Hopefully there have been more meaningful indications of interest from Easy than a few training flights - on that basis Prestwick would be the busiest airport in the UK. Cardiff is cited as a possible model, as pax have inc by 50% since that went into public ownership (though Prestwick is also public owned, so could just have easily have been used as an example).
The growth at Cardiff is mainly down to the deal they have with BE, which is reportedly similar to the deal Peel have with BE at DSA, and which Peel have chosen not to pursue at MME All comes down to the money - how much and where from? |
Luxury aircraft hangar sounds nice!
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Originally Posted by N707ZS
(Post 10362272)
Luxury aircraft hangar sounds nice!
"We are also tentatively thinking about medical transportation of organs and are talking to people including doctors and medical professionals who would like to see something here. |
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Worth a read folks.... A lot of repetition in there but not much detail on how they will succeed. Yes, it is clear what they want to do - but how they are going to attract a charter company or an LCC isn't. The report goes to say the best way to get an LCC is to get one to relocate so that they can dominate the region and not take passengers from their own operation elsewhere. Given that won't be Jet2, it seems they hope to persuade EasyJet to relocate from Newcastle. Ballsy? Or Cloud Cuckoo? The suggestion is charters may be a slow and steady increase for now, but nothing material on that. Lots of highly paid consultancy speak in there, the odd glaring factual error, will sound fantastic to Joe Public, but in my opinion this is a long shot and lacking teeth (though full of fluff). That said, I would back this if the alternative is closure in 2021.... |
Fair summary - some of the commentsd in there are "rather odd" and seem to suggest a lack of understanding of the industry from the consultants (I'm thinking particulalry of the comments on freight and charters :eek:)
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Phew! and we all thought Brexit was hard going! Agree with previous posts...fair review,long and complicated..good sound bites,lots of assumptions and fingers crossed. LCC...possible..maybe a foreign one(see Brexit)...no cargo from these guys though! Cobhams..major threat..£2 million income possibly on the line! Staffing and Infrastucture..big investment will be needed over next 10 years current and future losses..who is going to cover those? I still maintain..split use airport is best way. Some aviation,Some housing,some logistics..is the only way to keep the airport open long term. Its such an uncertain time in the UK at the moment.The Major has been given a defined pot of money to spend in the general Tees Valley area..can’t help but thinking money would be better spent reviving the whole area as opposed to a massive outlay on a potential vibrant tourist airport? We have those already and DTV currently does ok with connections via AMS as we are told! |
The same easyJet that dont entertain LBA EMA and have only BFS & GVA operated by away based aircraft at BHX ? Non starter im afraid chasing the orange tails.
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So the big vote is next Thursday and the mayor needs a unanimous vote for the acquisition to go ahead. The deal is now wrapped up in a wider Tees Valley investment plan which has made Sue Jeffrey rather upset which probably means she will be forced to vote for it. Interesting that the mayor is welcoming the public to attend the vote, a move presumably designed to put a bit more pressure on the five local authority leaders.
http://whatsondarlington.co.uk/counc...-from-closure/ https://www.hartlepoolmail.co.uk/new...over-1-9541444 https://www.gazettelive.co.uk/news/t...tions-15696065 https://www.thenorthernecho.co.uk/news/17366872.tees-valley-mayors-ambitious-plan-to-buy-dtv-airport-coming-under-scrutiny/ https://www.gazettelive.co.uk/news/teesside-news/40-business-leaders-back-plan-15553238 |
Yes, the Mayor seems to be doing a rather good job of bouncing his deal through. Not had a chance to look at it in detail but there are some interesting bits in there e.g.
Since 2017, the Combined Authority has been exploring a specific opportunity for a partnership with an experienced airport operator (under Option 8). This arose as a consequence of a productive relationship already developed with TVCA and Stockton Borough Council in another area of the preferred operator’s business. |
Interesting comment on the DTVM website:
The airport is currently operating at a loss and is under risk of closure. The press and politicians have presented the airport as being at risk of closure, the 2021 guarantee to keep the airport open will just fall away like a product warranty. Peel Airports strong statement citing uncertainty after 2021 a few days ago did not directly reference closure and is believed to have been nothing more than an attempt to encourage the sale going through. The general feeling within the business community is that no matter what Peels actions in future, there will always be someone ready to step in and run the airport. "In more recent discussions the Combined Authority has been informed by Peel that it has already taken the decision that the Airport will close in or shortly after 2021." Essentailly the Mayor's plan is similar to the Peel Masterplan but backed by £75m of tax funding (£40m purchase price plus £20m to cover operating losses and £15m for improvements and maintenance), all underwritten by selling the land if it doesn't work. |
Looks like everyone is signed up. Vote should be a formality now on Thursday. A new era beckons.... The heliport idea was also a good story yesterday for the new wind farm. |
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