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Tag Archives: New Zealand

Glasgow kiss-off

Prestwick Airport passenger numbers fall

Prestwick Airport saw a drop of nearly 20% in passenger numbers in July, compared with the same month last year. Infratil, the Ayrshire airport's owners said there were 37,800 fewer passengers during the crucial first month of the school summer holidays.

New Zealand-based Infratil said the July passenger numbers fell from 194,500 last year to 156,700 this year. In recent years, the number of passengers at Prestwick topped 230,000 during the month in both 2007 and 2008.

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Job losses at Manston Airport

Four jobs are to go at Manston Airport in a cost-cutting programme amid speculation that a new service to New York is poised for take-off. The airport, owned by New Zealand company Infratil, has been losing money on its operations and needed to cut costs to give it a more secure future.

Airport chiefs recently examined working patterns to see where cost savings could be made. This process and staff consultation has identified savings of more than £350,000 and the loss of four roles. Charles Buchanan, airport chief executive, said:

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Nothing to smile about

Charles Buchanan, chief executive, Kent International Airport, Manston

The economics of the marketplace are impartial and unforgiving, grimly scything down any business models that are weak, lame or faltering.

Plenty of people want to go to Manchester, and plenty of people want to come to East Kent. Evidently, not enough people want to travel between the two. So the Manchester route failed. Within a year, we'll find out how many people want to travel between East Kent and Belfast.

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An airport’s not the best route to regeneration

Regen Park

"Regeneration work in Thanet includes improving buildings and public spaces in our towns, development of business parks and working with community groups to help bring their ideas to fruition to improve the area. The emphasis in regeneration is on working in partnership with a wide range of organizations, so that together we can make Thanet a quality place to live, an attractive location for investment and an enjoyable area to visit."

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Manston keeps failing. What next?

Controlled descent...

Infratil bought Manston for £17 million and are happy to spend £10-20 million on it before pulling the plug, so from their point of view KIA is small but far from trivial. Infratil's European airport investments are performing poorly. Infratil are big enough to take the hit by cross-subsidising, but not indefinitely.

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Airport’s new owners ‘in for the long haul’

Steve FitzgeraldKent International Airport could be as busy as Glasgow Prestwick in five years, according to Manston’s new boss. The forecast comes just weeks after Infratil, the New Zealand investment company, bought the Thanet airport from the administrators of former owners PlaneStation for £17 million.

Infratil already owns Glasgow Prestwick which has seen a surge of growth in recent years, employing 500 people directly with a further 3,500 jobs related to the airport.

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