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? |
Originally Posted by Buster the Bear
(Post 11610179)
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? |
Originally Posted by Buster the Bear
(Post 11610179)
You have got to feel for Esken shareholders! From £1.62, to less than 8p per share.
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...?! |
Originally Posted by Buster the Bear
(Post 11610179)
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? 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. |
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. |
Originally Posted by jmdavies86
(Post 11610048)
Not strictly SEN-related, but I wonder how this deal affects Carlisle Lake District Airport (CAX), if at all...?!
I was up in Cumbria last week, but nobody seemed to know anything and/or were willing to even talk about it...?! I wonder how many houses you could build? |
Originally Posted by SWBKCB
(Post 11610304)
What was the last airport turned into housing - Croydon?
Plenty of old RAF examples as well. |
Originally Posted by pabely
(Post 11610317)
Filton, Hatfield, unless you mean commercial airports.
Plenty of old RAF examples as well. |
Originally Posted by Buster the Bear
(Post 11610179)
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 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. |
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.
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Originally Posted by LTNman
(Post 11610544)
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.
|
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.
|
Originally Posted by LTNman
(Post 11610544)
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.
I see no reason for anything other than cautious optimism right now, the future is bright and possibly orange. |
Originally Posted by LTNman
(Post 11610567)
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.
|
Originally Posted by SWBKCB
(Post 11610304)
I doubt anybody there knows anything
Originally Posted by Expressflight
(Post 11610515)
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...
Originally Posted by DC3 Dave
(Post 11610569)
I see no reason for anything other than cautious optimism right now, the future is bright and possibly orange.
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). |
Originally Posted by LTNman
(Post 11610567)
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.
|
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...?! |
Originally Posted by jmdavies86
(Post 11610685)
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).
|
Originally Posted by pabely
(Post 11610736)
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.
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