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Tag Archives: NZ

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CEO confirms: Prestwick for the chop

Well, Dear Reader, you can tell your grandchildren that you read it here before you read it on Bloomberg!

Infratil's Supreme Commander has gone on record in an interview with Bloomberg telling the world that Prestwick doesn't have a long-term future in Infratil's portfolio, because it "isn't performing".

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Infratil Annual Results 2011

Infratil’s results are out, and they don’t make happy reading for Manston, or Prestwick. I’m not an accountant, but the table of numbers doesn’t look pretty – click it to big it. INFRATIL AIRPORTS EUROPE Infratil’s two remaining European airports continued to experience very difficult trading conditions. Notwithstanding excellent cost control, losses grew as traffic continued to weaken. The airports …

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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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Airport hopes to soar above crunch

Matt Clarke says the economic situation is affecting operating profit after the airport posted a loss of £2.2 million

Clipping: thisiskent

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.

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