Comments (0) Herne Bay MP Sir Roger Gale has claimed he was was “misled” by Stagecoach bus tycoon Ann Gloag, who told him she would operate Manston Airport for at least two years and invest heavily. Speaking at a meeting of the Transport Select Committee in Westminster on Monday, Sir Roger said: “I believe now that I was seriously misled. Mrs Gloag had …Read More »
Manston Skysport director Pauline Bradley said Manston airport closed amid huge debts and failure to attract new firms relocate to the site Comments (0) MANSTON airport owners told they Transport Select Committee they blamed the closure of the site on massive debts and a failure to attract business from Ryanair and British Airways. At an oral evidence session at Portcullis House in Westminster, …Read More »
Budget Day 2014 – a good day to bury bad news. Ann Gloag’s timing means that the clock stops ticking for Manston as an airport on 10th May Manston Manston’s website: Manston’s official press statement: “Following a meeting with staff at Manston Airport in Kent today, Wednesday 19th March, we can confirm we have commenced a process of consultation over …Read More »
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 …Read More »
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 »
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 »
Kent Online's business editor Trevor Sturgess argues for a Parkway station and high speed rail links, but I think he's missed a few relevant points [my comments are bracketed in italics].
Flybe’s decision to pull out of Manston is another blow to the airport, especially disappointing at the turn of the year. However attractive we in Kent think Manston is, it seems that not enough people agree.Read More »
Too few passengers
Flybe's decision makes it absolutely clear – Manston does not have the makings of a successful passenger airport.
The current owners of Manston airport (Infratil) have always pushed the story that they want Manston to be a mixed passenger and freight airport. We know that Ryanair and easyJet have both examined Manston airport carefully in the past. They both came to the same conclusion: if Manston airport was 10 miles further West, it would have a large enough catchment area to have the potential to succeed as a passenger airport.Read More »
This has been on the cards for a couple of months now. Infratil has been under increasing pressure from major share-holders in New Zealand to stop wasting time and money on the wrong side of the world.
Struggling Prestwick is almost completely dependent on a single commercially ruthless customer - a foolish and vulnerable position to have got into. When 98% of your business comes from one customer, that customer can call the shots - you've lost control of your business.
Barely struggling Manston has developed a pattern of attracting flakey customers, and has now stumbled, flat-footed, into the glare of international disapproval as a result of some particularly foolish greed.
It's not surprising that the Kiwis should want to crystallise their losses, and get home. TDC would then, of course, have to rifle through Brian White's old filing cabinets looking for a very slim folder labelled "Plan B".
The time and effort spent fussing over Manston's life support sysytem would be far better spent researching and launching a viable and sustainable "economic and social engine".Read More »
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".Read More »