Home ... Tag Archives: Infratil (page 10)

Tag Archives: Infratil

Needle and threat

Charles Buchanan, CEO of Manston Tumbleweed Airport, has launched the next round of his campaign to make the airport more sellable. By his own admission, the airport is losing £5m a year, and the Kiwi overlords (Infratil) are desperate to rid themselves of this continual drain on resources. Infratil are up-market barrow boys, buying companies to asset-strip or invest in, …

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Sticky numbers

It's been a long time coming, but the wait is nearly over. York Aviation will be publishing the second half of their report tomorrow, supporting Manston's hare-brained notion that night flights will be the saving of the airport, and Thanet, and probably most of Kent.

The first part of York Aviation's report (supposedly) dealt with the economic and employment benefits of Manston getting busy - that was the carrot. The second part will cover the threat to Manston if it doesn't get the go-ahead for night flights - this is the stick.

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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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MAG quits KIACC as noise worries are ‘ignored’

"The consultative committee has been treated with contempt and, in consequence, has failed to exert any influence over the legitimate environmental concerns of local residents. We have no time to waste on pointless meetings, and we no longer want our membership of the committee to constrain us in countering the pro-night-flight propaganda campaign which is being conducted through the local media."

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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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Increasing interest in Southend Airport

It seems that Stobart Group (owners of Southend Airport) are now starting to reap the benefits of their substantial investment in the airport. Unlike Infratil (owners of Manston Airport) they invested their own money, rather than seeking public subsidies.

While Infratil scrimped on monitoring equipment, and belatedly installed new radar only when co-funded by Vattenfall (the windfarm people), Stobart Group put their money where their mouth is and forked out for a new control tower, railway station, etc to the tune of £60m.

The upshot is that they have managed to snatch easyJet from Manston's jaws, and this may be a tipping point for both airports.

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Council reveals unsuccessful bid to develop Manston services

It's like pulling teeth

Kent County Council has been forced to reveal details of its unsuccessful £10.8 million bid for Government money to develop services for Manston airport.  Campaigners, No Night Flights, challenged KCC's refusal to release details of the Regional Growth Fund (RGF) application.

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Manston boss claims it wasn’t a “sweetener”

Charles Buchanan, chief executive, Kent International Airport, ManstonBitter-sweetener

Manston's boss has defended efforts to persuade the government to underwrite the costs of a new service out of the Kent airport. Chief executive Charles Buchanan said subsidies from the public purse were commonplace and it was unfair to describe them as sweeteners.

His comments follow our disclosure that KCC and Infratil, which operates the airport, had sought to persuade ministers to provide £600,000 to underwrite a twice-daily service out of Manston for the first three years of its operation.

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£600k airport ‘sweetener’

The government has been urged to offer a £600,000 "sweetener" to an unnamed commercial airline planning a new daily service from Manston airport, it has emerged.

The airport operator Infratil is in advanced confidential talks with an unidentified airline which has plans for a twice-daily service to an unnamed European destination from next April. Now it has been revealed Kent County Council and operators Infratil pressed for a taxpayers’ handout to underwrite the costs of the service for three years, according to documents released under the Freedom of Information Act.

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A closer look at that bid

The once-secret KCC funding bid

Bureaucracy being what it is, KCC and Infratil were obliged to spell out in detail the brazen cheek of their cash plea. Do please remember that Infratil is a New Zealand-based investment company, and that whatever profits it can (finally) squeeze out of this lemon of an airport will be going straight back to their antipodean investors, still smarting from years of multi-million pound losses.

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