The plunging value of for-sale Prestwick airport contributed to a nose dive in its New Zealand owners’ profits, Infratil reported today. The firm said the Ayrshire airport and its sister at Manston in Kent were now together worth £11.4 million compared to £38 million a year ago. They had been valued at £44m in 2011. Infratil said the write-down had …Read More »
Infratil’s assessment of their European airports, in their own words… In the 1990s Australia and New Zealand were amongst the first countries to sell state-owned airports and to allow their commercial operation. The resulting value uplift encouraged Australasian investors to look at markets where similar developments were occurring, which led to Europe. Infratil invested in Prestwick, Kent and Lübeck airports …Read More »
Charles BuchananMaxim PRInfratilRead More »
Manston Airport’s owner, Infratil Airports Europe, has posted a loss of £2.2 million in their interim report for the six months of the year up to September 30. Airport chief executive Matt Clarke blamed the loss of freight and charter holiday services and the recent rise in fuel prices.
Kent International Airport has been without radar following a lightning strike in May. Vital air traffic control equipment at the former RAF Battle of Britain base at Manston, was knocked out during a major thunderstorm and won't be replaced until the end of the year. At the moment jumbo jet pilots are using their eyes to get onto Britain's longest runway but neighbouring residents are worried.Read More »