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Search: Posts Made By: Expressflight
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31st Mar 2024, 08:17
Replies: 1,420
Views: 449,267
Posted By Expressflight

According to recent LSA marketing material SEN...

According to recent LSA marketing material SEN has a catchment of 8m people and 60% of passengers come from London (I assume they mean Greater London). They certainly include Stratford as being in...
30th Mar 2024, 16:19
Replies: 1,420
Views: 449,267
Posted By Expressflight

Travelling from "SEN's core market" to LTN you...

Travelling from "SEN's core market" to LTN you wouldn't use the Elizabeth line.

I doubt that many among "SEN's core market" are making a choice between SEN or LHR as their offerings are so...
22nd Mar 2024, 18:27
Replies: 1,420
Views: 449,267
Posted By Expressflight

In the long term I don't see that as necessarily...

In the long term I don't see that as necessarily bad news. The hangarage of two 727s, that rarely fly, doesn't seem the most profitable use of a four bay hangar that if renovated could possibly find...
22nd Mar 2024, 14:37
Replies: 1,420
Views: 449,267
Posted By Expressflight

Don't forget that huge amounts of money were...

Don't forget that huge amounts of money were spent on developing the Stobart Air/Flybe routes; £30 million pounds comes to mind.

I wonder what would have been the result if Esken had just...
22nd Mar 2024, 09:45
Replies: 1,420
Views: 449,267
Posted By Expressflight

Plenty of good observations in recent posts from...

Plenty of good observations in recent posts from a number of informed viewpoints.

To respond to just a few points, firstly I meant that the EZY and RYR routes were profitable to them in 2019 -...
21st Mar 2024, 19:19
Replies: 1,420
Views: 449,267
Posted By Expressflight

I don't see SEN being comparable to BLK. Just...

I don't see SEN being comparable to BLK. Just think back to 2019 at SEN and you can see what was possible then. Yes, I know you'll say that slot shortages elsewhere gave SEN an advantage but that...
21st Mar 2024, 14:01
Replies: 1,420
Views: 449,267
Posted By Expressflight

That's a fair question which will now be put to...

That's a fair question which will now be put to the test. The new owners' policy on ancillary activities, sadly neglected over past years, will be interesting to see.
21st Mar 2024, 09:38
Replies: 1,420
Views: 449,267
Posted By Expressflight

Esken are this morning appointing Administrators...

Esken are this morning appointing Administrators and trading in their shares has been suspended on the Stock Exchange. Apparently being a Guernsey registered company their planned restructuring was...
17th Mar 2024, 09:05
Replies: 1,420
Views: 449,267
Posted By Expressflight

The days of opening planned for the Skylife...

The days of opening planned for the Skylife Lounge and Navigator are Monday, Wednesday, Friday and Sunday "afternoons". I think it's simply the fact that (for June departures as an example) of the 26...
8th Mar 2024, 07:39
Replies: 1,420
Views: 449,267
Posted By Expressflight

That hangar could then perhaps have an...

That hangar could then perhaps have an engineering use - probably of more benefit to SEN in fact.
8th Mar 2024, 06:54
Replies: 1,420
Views: 449,267
Posted By Expressflight

I was talking about the period from December 2008...

I was talking about the period from December 2008 through to when Brady arrived. He just got carried away with his vision for SEN.
7th Mar 2024, 17:42
Replies: 1,420
Views: 449,267
Posted By Expressflight

Actually Andrew Tinkler deserves a lot of credit...

Actually Andrew Tinkler deserves a lot of credit for his purchase of SEN in the first place and his vision to turn it into a modern airport which scored highly in passenger satisfaction surveys. He...
7th Mar 2024, 12:11
Replies: 1,420
Views: 449,267
Posted By Expressflight

The route development team at SEN are very...

The route development team at SEN are very experienced and have no shortage of contacts in appropriate places. They will know exactly what they are going into when starting (continuing?) negotiations...
7th Mar 2024, 11:05
Replies: 1,420
Views: 449,267
Posted By Expressflight

As far as the commercial and operational aspects...

As far as the commercial and operational aspects of running SEN are concerned the existing management team employed by London Southend Airport Ltd. will continue to "run the airport". As majority...
7th Mar 2024, 08:07
Replies: 1,420
Views: 449,267
Posted By Expressflight

As I said "they probably have an exit strategy in...

As I said "they probably have an exit strategy in a few years" but I'm sure before they do that they'll want to increase its potential sale value to considerably above what it is at present.
7th Mar 2024, 06:48
Replies: 1,420
Views: 449,267
Posted By Expressflight

I think the LTN boys on here are whistling in the...

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...
6th Mar 2024, 16:24
Replies: 1,420
Views: 449,267
Posted By Expressflight

Southend City Council own the land and London...

Southend City Council own the land and London Southend Airport Ltd hold a very long Lease. The terms of the Lease oblige the Leaseholder to operate the site as an airport.
6th Mar 2024, 07:26
Replies: 1,420
Views: 449,267
Posted By Expressflight

Esken has agreed the deal negotiated between LSA...

Esken has agreed the deal negotiated between LSA and Carlyle Global Investments (CGI). CGI will own 82.5% of the equity of LSA in place of the outstanding £193.75m convertible loan. The £24.3m debt...
5th Mar 2024, 06:47
Replies: 1,420
Views: 449,267
Posted By Expressflight

The announcement by the news service of the...

The announcement by the news service of the London Stock Exchange this morning says that:

"this extension (to the original agreed date for Esken to agree Carlyle's terms, 5th March 2024) has been...
19th Feb 2024, 06:44
Replies: 1,420
Views: 449,267
Posted By Expressflight

Things are moving this morning. Carlyle has...

Things are moving this morning.

Carlyle has proposed, and Esken are considering, a restructuring plan for London Southend Airport Ltd. that would recapitalise the company. There is a deadline of...
17th Feb 2024, 08:31
Replies: 1,420
Views: 449,267
Posted By Expressflight

Aeroitalia tell me it's "an error in loading,...

Aeroitalia tell me it's "an error in loading, please wait and try again".
11th Feb 2024, 18:52
Replies: 1,420
Views: 449,267
Posted By Expressflight

Won't do them any good as the Lease stipulated...

Won't do them any good as the Lease stipulated the site must be operated as an airport and SCC are very keen to keep it as such so no possibility of housebuilding.
11th Feb 2024, 18:20
Replies: 1,420
Views: 449,267
Posted By Expressflight

If CGI did buy LSA (and I'm sure that is by no...

If CGI did buy LSA (and I'm sure that is by no means the only possible outcome at this stage) they have to operate it as an airport. It's not as if they would be acquiring a freehold site for other...
11th Feb 2024, 15:28
Replies: 1,420
Views: 449,267
Posted By Expressflight

That looks like sound reasoning to me, although I...

That looks like sound reasoning to me, although I wouldn't be surprised to see a Pre-Pack deal put in place to take effect as soon as entering Administration became inevitable. If CGI just became a...
5th Feb 2024, 11:16
Replies: 1,420
Views: 449,267
Posted By Expressflight

One thing that is new in the statement (that you...

One thing that is new in the statement (that you didn't include in your post) is that Esken say:

"Esken will be submitting a proposal to CGI with a view to reaching a negotiated settlement of the...
24th Jan 2024, 17:50
Replies: 1,420
Views: 449,267
Posted By Expressflight

Why then do they say they are an "operator of...

Why then do they say they are an "operator of airports around the world"? Any airport management team obviously carries out the 'day to day operations' implementing the owner's policies.
...
24th Jan 2024, 16:52
Replies: 1,420
Views: 449,267
Posted By Expressflight

I'm sure Carlyle would not have used the words...

I'm sure Carlyle would not have used the words "As an experienced investor in, and operator of, airports around the world...." if that was untrue aren't you?

I think any acquisition of London...
24th Jan 2024, 15:21
Replies: 1,420
Views: 449,267
Posted By Expressflight

Additional statement from Carlyle report in...

Additional statement from Carlyle report in Evening Echo:

"Esken is financially distressed and not in a position to support the airport's full recovery and growth nor execute an orderly sale of...
23rd Jan 2024, 16:22
Replies: 1,420
Views: 449,267
Posted By Expressflight

Reuters this morning published this quote from...

Reuters this morning published this quote from Carlyle Global Infrastructure Fund (CGI):
"We have made numerous proposals to Esken and the airport to secure the airport's long-term future, and look...
12th Jan 2024, 13:28
Replies: 1,420
Views: 449,267
Posted By Expressflight

That was pre-planned I believe.

That was pre-planned I believe.
7th Jan 2024, 14:50
Replies: 1,420
Views: 449,267
Posted By Expressflight

That's been common knowledge since the end of...

That's been common knowledge since the end of September 2023.
6th Jan 2024, 16:06
Replies: 1,420
Views: 449,267
Posted By Expressflight

I think perhaps in my earlier post I should have...

I think perhaps in my earlier post I should have described Ascent's stated efforts to improve aviation's sustainability more accurately. I have changed my wording to:
"their website states that,...
6th Jan 2024, 13:59
Replies: 1,420
Views: 449,267
Posted By Expressflight

This is just a thought and I have no evidence to...

This is just a thought and I have no evidence to back it up but their website states that, perhaps as part their efforts to improve aviation's sustainability, they will suggest possible alternative...
5th Jan 2024, 19:23
Replies: 1,420
Views: 449,267
Posted By Expressflight

Start up airline Ascend Airways, fronted by ex...

Start up airline Ascend Airways, fronted by ex Titan Airways MD Alastair Willson son of Titan founder Gene Willson, will station aircraft at SEN as well as previously indicated at LGW. It's expected...
3rd Jan 2024, 13:22
Replies: 1,420
Views: 449,267
Posted By Expressflight

Rome and Catania supposed to be imminent also.

Rome and Catania supposed to be imminent also.
Showing results 1 to 35 of 155
 


 
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