The New Zealand company which owns Prestwick has said there is no sign of a buyer for the airport, and its value has fallen. Infratil put its two UK airports, which include Kent, up for sale in March this year. However it said the sales process for both had been “unsuccessful to date”. As a result, Infratil said it had …Read More »
In March 2012, Infratil announced that Manston was up for sale because it wanted to “refocus its investment profile” and concentrate on retail, production and supplying gas and electricity. What they didn’t mention in their press releases was that Manston had lost them money hand over fist ever since they bought it. In the previous couple of years Infratil had …Read More »
A consortium led by an Australasian investment manager has emerged as an early rival to Manchester Airports Group in the £1bn battle for Stansted airport. Morrison & Co, which operates out of New Zealand, Australia and Hong Kong, is heading a bid team that also includes the New Zealand Superannuation Fund and Infratil, a Wellington-based infrastructure investor. Stansted was finally …Read More »
'Boris Island' airport plan grounded over Johnson's briefing to Telegraph
Downing Street told Boris Johnson on Wednesday that he had killed off any moves towards an airport in the Thames Estuary ahead of the next general election after an announcement by the London mayor was seized on by the Liberal Democrats.
BAA airport sale squeezes Prestwick
Have you ever had one of those weeks when things just seem to go from bad to worse? If so, you'll be able to empathise with Infratil.
In response to the general downturn and gloom, the bucket shops are reducing capacity and cutting routes. Flybe, the mainstay of Manston's struggling passenger business, is on the ropes and cutting routes that are busier than the infrequent services out of Manston - which doesn't bode well.
And now, to cap it all, BAA (easily the largest airport operator in the country) is moving the goal posts and increasing the competitive pressure on Prestwick, Infratil's busiest airport outside New Zealand.Read More »
Profitable. Sustainable. Sound commercial proposition. Good corporate citizen. These are just some of the good things that happen when you work with, rather than against, those around you. It's not rocket science. It's not even science. It's sense.Read More »