Game-changer - Manston to stop being an airport

Manston and Prestwick have proved hard to sell. Unsurprisingly. Infratil wants to sell them because they're failures - and that's why they're hard to sell.

Infratil has been losing millions every year, for years, and they're eager to staunch the flow. The penny seems to have dropped that these two failed airports would be easier to sell... if they weren't airports.

So Infratil is putting the word out that they're prepared to stump up cash to help potential buyers transform the airports into, er, something they actually want to buy.

Do feel free to use the comments section to pass on any helpful suggestions for Manton's future... theme park... solar farm... race track... nature reserve...

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Infratil is selling Manston, but wants to buy Stansted. Why?

In March 2012, Infratil announced that Manston was up for sale because it wanted to "refocus its investment profile" and concentrate on retail, production and supplying gas and electricity. What they didn't mention in their press releases was that Manston had lost them money hand over fist ever since they bought it.

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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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Location, Location, Location

It's refreshing to see an independent review of Manston's present and future prospects that doesn't shy away from stating the obvious - a successful passenger airport needs plenty of passengers within a convenient distance, and a successful freight airport needs plenty of customers within a profitable distance.

The Parsons Brinckerhoff (PB) report says Manston airport is in the wrong place:

[p6] Given the geographic location of Manston it is unlikely that carriers would show much interest for inbound traffic from key European city links – we would argue this would only be relevant if Manston was strategically placed near to a large city or a region with a large catchment area.

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Manston: "Airports could go out of business"

Some regional airports could go out of business if the Government fails to recognise their important role in easing the nation’s capacity crisis. That's the warning from Manston Airport chief executive Charles Buchanan.

He argues that direct and immediate action is needed to resolve the short and long-term airport capacity shortages at Heathrow, Gatwick and Stansted where new runways have been ruled out indefinitely. In Manston's submission to a consultation on aviation policy, he urges the Government to look to existing regional airports to buy time for longer term plans to be explored.

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Location, location, location matters for airports too

Manston isn't Outer London. It's out of London.

Well, there are several airports that have leapt on the global branding bandwagon and smuggled the word 'London' into their name, with varying degrees of geographical accuracy.

(A special mention must go to "London Ashford Airport": 60 miles from London, 13 miles from Ashford, 1 mile from Lydd. It seems the greater the distance, the more prominent the billing - it's full title is actually "Jupiter Brazil London Ashford Airport".)

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Infratil's flawed bid

Seppuku Lite

As I mentioned recently, before getting revolted by Infratil’s selfishness, the pile of poo they presented to TDC was the carefully considered best efforts of a wealthy, globe-spanning organisation aiming to win support from a strategic partner at a key point in the development of its European operations.

It is a public declaration of commercial weakness; of ongoing and increasing failure; of a flawed business model; of narrow short-termism and strategic poverty.

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Manston keeps failing. What next?

Controlled descent...

Infratil bought Manston for £17 million and are happy to spend £10-20 million on it before pulling the plug, so from their point of view KIA is small but far from trivial. Infratil's European airport investments are performing poorly. Infratil are big enough to take the hit by cross-subsidising, but not indefinitely.

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Keep calm and carry on

"It is now public knowledge that BAWC have pulled out of their negotiations with Infratil. PLEASE don't let the issue of planes over Herne Bay drop off your radar. It is as important as ever, just temporarily less urgent..."

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Stansted 1, Manston 0

Like any business that bids for a new contract and is unsuccessful, we are obviously disappointed with this news... We are committed to attracting further freight operators to the airport and ensuring the successful return of scheduled passenger services to a range of destinations...

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Manston could help ease strain of games

Clipping: thisiskent

Bosses at Manston airport have revealed they are in talks with Olympic officials such as organising committee chairman Seb Coe to give the airport a role in the 2012 London games. Chief executive Matt Clarke believes the airport’s location and facilities will mean it can be used to fly in athletes, fans and equipment to the London gamese the inevitable strain placed on Heathrow, Gatwick, Stansted and London City airports in 2012.

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