Home ... Tag Archives: Infratil

Tag Archives: Infratil

Manston airport didn’t work, and neither will RiverOak’s plan

Out of the mouth of a former airport employee comes a word about the airport’s viability. Or, rather, a word about its non-viability. Read on for lots of lovely facts. As part of the redundancy consultation carried out between March and May 2014, the management team presented employees with the expected running costs for 2014-2015. With revenues of just £2.78m …

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Infratil aims to offload loss-making UK airports

Infratil says it is still trying to sell two airports in Britain, despite passenger numbers improving. The company has been trying to sell Glasgow Prestwick and Kent International airports, which last year lost $10 million, for more than a year. Latest figures show passenger numbers at Glasgow increased 14% in May with more than 118,000 passengers passing through, and the …

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Airports write-down lead to Infratil profits plunge

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 …

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Council throws good money at bad airport

KCC + KLM + KIA = WTF Getting a straight answer out of KCC is hard at the best of times – even with the legal leverage of the Freedom of Information Act it can take months. But it’s usually worth the wait, and the dogged persistence is rewarded. And let’s not forget, anything that’s released under the FoI Act …

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Airport Working Party meeting Tuesday 19th Feb

NEWSFLASH: This meeting has now been postponed. No new date has yet been set. Oh joy of joys – another opportunity to see Thanet’s finest in action (inaction?). The greybeards and hotheads will be getting together to apply their minds to the knotty problem of whether and how Manston might contribute to Thanet’s glowing future. Venue: Austen Room, Council Offices, …

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Game-changer – Manston to stop being an airport

Manston and Prestwick have proved hard to sell. Unsurprisingly. Infratil wants to sell them because they’re failures – and that’s why they’re hard to sell. Infratil has been losing millions every year, for years, and they’re eager to staunch the flow. The penny seems to have dropped that these two failed airports would be easier to sell… if they weren’t …

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KLM-Manston: reactions

Reactions from Sir Roger Gale MP, Laura Sandys MP, Sandra Matthews-Marsh (chief executive at Visit Kent), David Foley (east Kent Chamber of Commerce chief executive), Cllr Bob Bayford (Thanet Conservative Group), and Cllr Clive Hart (Leader of Thanet District Council).

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KLM-Manston: analysis

Regular readers will recall that the last time KLM showed any interest in Manston, they were being lured by the promise of £600,000 - money which Manston and KCC were trying to prise out of the Government's Regional Growth Fund. The Government said "No", and KLM faded into the background. I do hope this new service isn't being subsidised from the public purse (national, county or district).

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No sign of Prestwick airport sale

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 …

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