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Changes at Wycombe

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Changes at Wycombe

Old 7th Nov 2007, 16:23
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Changes at Wycombe

Tim Orchard, who's run AAA at Wycombe for BA for many years tells me about changes announced today.
Copy of the official announcement:

Sale of Airways Aero Associations Ltd

It is with great enthusiasm that today I am able to announce the sale by British Airways Plc. of its wholly owned subsidiary Airways Aero Associations Ltd. (AAA).

AAA has operated Wycombe Air Park, one of the busiest general aviation fields in U.K., for over forty years. British Airways Flying Club, part of AAA, is one of seventeen businesses based at the airfield.

The share capital of AAA Ltd has been purchased by The Arora Family Trust, of which Surinder Arora and his family are the beneficiaries.

In its continued effort to consolidate on core business strategy, British Airways has been receptive to Arora’s offer to purchase the subsidiary.

Surinder Arora learned to fly at British Airways Flying Club and gained over 800 flying hours before embarking upon a change in direction. Surinder’s career now sees him leading a major property development group, with interests in several sporting venues and in the International Hotel market. He has remained a fan of both general and commercial aviation for many years and retains a particular soft spot for Wycombe Air Park and for BA Flying Club.

British Airways and the Arora Group have cemented a close business relationship over a number of years in several areas. Many BA staff and customers will be familiar with at least three of the Arora Hotels, at Manchester city centre, and at Heathrow and Gatwick airports. The latest Hotel to join the Arora Group sits uniquely in Heathrow’s Terminal 5.

Arora will embrace the general aviation scene at Booker with a number of exciting expansion plans. The airfield’s current refurbishment programme will continue. The list of recently completed major projects (a new Control Tower, a new runway surface, new runway lighting and replacement hangars) will be used as a spring board for future development. Several exciting new ventures are being discussed, each of which will bring new life and more growth to the airfield. These will be revealed over the coming months as discussions progress.

Each of the Directors of AAA Ltd., with the exception of Tim Orchard (Managing Director) has resigned, as required by legal protocol. The new AAA Board will comprise Geoff Want as Non-Exec. Chairman, Guy Morris (Managing Director of Arora International Hotels) and Subash Arora (Company Secretary of Arora International Hotels).

All of AAA’s current staff, equipment, tenants and relationships at the airfield will continue in their present form. It’s “business as usual” but with a new lease of life, exciting new goals and new enthusiasm. We now have the ability to invest in a great future for BAFC, for Wycombe Air Park and for general aviation.

Tim Orchard
Flying Lawyer is offline  
Old 7th Nov 2007, 17:18
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manfromuncle
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"Surinder’s career now sees him leading a major property development group"

Now call me an old cynic, but there seems to be an awful lot of interest in UK GA airfields by property companies.
 
Old 8th Nov 2007, 00:03
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I think you'll find the intentions here are genuine and somewhat different to what might be thought to perhaps be possibly going to occur elsewhere....
smarthawke is offline  
Old 8th Nov 2007, 12:45
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Wycombe all day breakfast

Maybe if he is really good he can get the food upto the same quality as the wellsbourne all day breakfast ! - will not knock the airfield though good place to fly.


richard
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Old 9th Nov 2007, 08:57
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Yes the intentions maybe be honorable, but with property companies who own them in the end. maybe not today, maybe not tomorrow .........
It's happened here at cambridge, the big m in a few years time has got us lot ear marked for residential, about 15,000 homes, and when you deal with over a million pound an acre.
Property developers a bit like a well known film with wesley snipes in. " The thirst will always get you in the end ".
Just thought today I would be on the film critque side, must be friday.
Yet in this case sounds as if it will be a good thing for wycombe.
Hands up who can trust B.A.........
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Old 9th Nov 2007, 22:48
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Arora has bought Airways Aero Associations Ltd from BA. AAA Ltd is the long term lease holder of the airfield from Wycombe District Council - would be fairly hard to turn an airfield lease into a housing development....
smarthawke is offline  

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