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 »
Flybe has said it will not be flying from Manston International Airport in Kent after March. The airline said it would cease operations there at the end of the winter season. Flybe launched its Manston to Edinburgh service in May 2010. Flybe spokesman Niall Duffy said:
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"We tried different routes and the numbers simply weren't there. It's impossible to sustain routes without the passengers.
Unfortunately for the Manston services it was just impossible to look at those passenger numbers and think that we could sustain the kind of difficulties we were facing.
It is fair to say that Manston is one of the airports with the smaller catchment areas in the United Kingdom, and you have Gatwick not too far away."
Flybe seems to be having a rather tough time at the moment. Following the grim fact of its second profit warning in 5 months, the market analysts don't have anything very encouraging to say. And if you think the words are bad, wait till you see the pictures...
All this will come as unwelcome news at Kent Irrational Airport, who like to present Flybe as a sign of great things to come. Unfortunately, it appears that the so-called "thin routes" that Flybe is operating out of Manston are the ones most susceptible to the downturn in demand.Read More »
If only! Even the Department for Transport says that airport Master Plans tend to be so over-optimistic about future passenger numbers that it applies its own “pinch of salt” discount when it produces its national forecasts. For example: in 1991 Manchester Airport wanted to build a second runway, and promised this would create 50,000 direct, indirect and induced jobs. The …Read More »
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:Read More »
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.Read More »
Flybe scraps Manchester service from Manston and launches Belfast flights
Regional airline Flybe is grounding its service between Manston and Manchester and replacing it with a new summer operation to Belfast.
The service to Northern Ireland will operate three times a week and begin on May 26. Flybe said its services between Kent International and Edinburgh were popular and would continue. However, it was suspending its Manchester service from April 4 because passenger numbers had made the flight "economically and environmentally hard to justify."Read More »