Rival group enters battle for Stansted airport

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.

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Trevor wants a Parkway

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].

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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.

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Flybe quit Manston: analysis

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.

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Infratil selling Prestwick... Manston next?

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".

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Psst! Want to buy an airport?

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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Prestwick: Coming to the end of the runway?

Prestwick Airport in Scotland (some way outside Glasgow) is owned by Infratil, the company that owns Manston. Infratil's "vision" for Manston's future is pretty much where Prestwick is now - some freight, and a lot of passengers travelling on budget airlines. Some people just don't learn...

Prestwick Airport has always stuck with its "Pure Dead Brilliant" moniker, despite the outcry from squirming west coasters when it was adopted five years ago. But if you were asked to come up with an accurate description of the airport at present, those of a cruel disposition might be tempted just to omit the last word.

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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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EUJet doomed from the start

Expert claims airline was doomed from first flight

EUjet was a flawed business model that was bound to fail, according to an airline expert. The low-cost airline and its owner PlaneStation, which also owns Kent International Airport at Manston, crashed into administration on July 26 after the Bank of Scotland pulled the plug on PlaneStation’s credit line, thought to be around £25million.

The collapse left thousands of passengers stranded overseas, cost hundreds of jobs and cast a shadow over the longer-term viability of scheduled services operated out of Kent. It was also embarrassing to Kent County Council which had invested £100,000 in the fledgling airline to bring it to Manston.

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