Consortium withdraws offer for threatened Manston Airport
The consortium that had been interested in taking over Manston Airport has withdrawn its offer and pulled the plug on the deal. Thanet North MP Roger Gale had been involved in trying to broker a deal between owner Ann Gloag and the prospective buyer, but it is not known why the potential deal has not worked out. The identity of the would-be buyer has not been revealed. The business has been damaged by the threat of closure. Roger Gale said: “That offer has been withdrawn for legal reasons and whether a further offer will be made I don’t know.” There are apparently still hopes that two other people have shown an interest in the site, to keep it running as an airport. The 45-day consultation with staff over possible closure will continue.
Consortium withdraws offer for threatened Manston Airport
Thanet North MP Roger Gale had been involved in trying to broker a deal between owner Ann Gloag and the prospective buyer, but it is not known why the potential deal has not worked out.
Sir Roger originally found the potential buyer and has been spearheading the campaign to keep the site open as an airport.
“I know what the asking price and the offer was and there was a considerable gap between the two” – Sir Roger Gale
Buyer in contact with Sir Roger Gale MP as Manston airport in consultation over closure
24.3.2014 (Kent Online)
Interest has been shown by a buyer – backed by a consortium – to take over the running of Manston airport. North Thanet MP Sir Roger Gale, a committed supporter of Manston, has outlined the latest moves to save the airport. It follows the bombshell announcement to staff last Wednesday that the airport could close following a 45day consultation period – leaving 150 staff without a job. Already more than 11,000 people have signed a petition to keep the airport running. Sir Roger said there had been significant developments since the announcement. He said: “Most significantly, I am in contact with a willing buyer who has, I believe, a consortium with the resources necessary to acquire the airport as a going concern and with a view to operating it as such. He continued: “I am in ongoing discussions with the Leader of Kent County Council, who has clarified his position and confirmed his support for Manston as an operating airfield and his continued support for the fast rail link and proposed Manston Parkway station.” http://www.kentonline.co.uk/thanet_extra/news/buyer-comes-forward-as-manston-14667
Manston airport losing £10,000 per day – starts 45 day consultation with staff about closure
March 20, 2014
Up to 150 jobs – mainly part time – have been placed under threat following the announcement that Manston airport could close. Staff have been told there will be a 45 day consultation over the “possible orderly closure of the airport” , and that the airport will close in 45 days. Manston has made losses for years, and is now losing about £10,000 a day under its new owner. It was bought by Ann Gloag for £1 in 2013. Manston says “No further comment will be made until the consultation period with staff has been concluded.” KLM now has two flights per day from Manston, and will comment formally after the consultation period. Manston had been in discussions with Ryanair, to get in flights, but these did not work out when Ryanair issued its 2nd profits warning in as many months. Manston has also failed to attract more cargo flights. The airport will continue to run as normal during the consultation period. The land might be used for housing. In response to questions on this, the airport said it noted that Thanet is developing its Local Plan (for where development – industrial, commercial and residential – can take place across the district) and the airport has engaged with Thanet District Council in this process. Click here to view full story…
Manston Airport chief executive Charles Buchanan optimistic of future despite Davies Commission setback
The chief executive of Manston Airport says it is “business as usual” as the new owners get to know the site. Charles Buchanan says Scottish businesswoman Ann Gloag is “getting familiar” with the company since taking over in November. Mr Buchanan said: “We have a lot of work going on and the new owners are getting familiar with the business.” “In the meantime we have got our KLM service continuing to operate and cargo services coming in on a regular basis. Earlier this month, Manston was dismissed as a ‘reliever’ airport for the South East region by the Airports Commission. The Commission said while the Manston proposal “presents some potential” it did not address “the large question of London and South East capacity”. Mr Buchanan said: “We are not going to have a four-runway hub airport on the Isle of Thanet but we are going to play an important and increasing role within satisfying demand for air travel and cargo within the local area and the regional context. ’Manston is not a stopgap. It is an integral part of the solution.’
Manston owner Ann Gloag brings in Alastair Welch to work with Charles Buchanan to try and turn it round
December 14, 2013
Back in July, in a surprise move, Southend’s managing director Alastair Welch, who led the airport since before the Stobart Group bought it for £21 million in 2008, left at the end of July. Now failed Manston airport, recently bought by Ann Gloag for £1, has taken Alastair Welch on to work with Charles Buchanan to try and breath some life back into it. Ms Gloag said: “As the new owner of Manston Airport, I am ready to work on investigating opportunities for growth at Manston. I have over 30 years experience in the transport industry and will use that expertise as best as I can to optimise both freight and passenger growth at Manston.” Mr Welch worked for BAA at Heathrow and Stansted before Southend. He said “For the airport to thrive and fulfil its potential, it is vital that we create an environment where new partners are attracted to do business at Manston.” However, at present all it has is a twice daily KLM flight to Amsterdam’s Schiphol Airport. Click here to view full story…
Infratil sells Manston Airport for £1 (well, £350,000 with adjustments) to Ann Gloag. They paid £17 million for it in 2005.
October 14, 2013
Infratil has agreed to sell Manston Airport to Lothian Shelf (710) Limited, an entity wholly owned by Ann Gloag, a co-founder of Stagecoach with her brother Brian Souter. She is a very rich woman. It was sold for cash consideration of £1, plus an adjustment for working capital variances and cash injected by Infratil between 14 October 2013 and transaction completion (which is expected to be around £350,000). Ann Gloag is an experienced investor who co-founded Stagecoach Group, the UK-listed public transport operator, along with her brother, Brian Souter. Infratil tried to look on the positive side, saying “Infratil Limited is very pleased to have found an acquiror with a vision for Manston Airport’s future development,” and “this sale will result in a more focused portfolio and improve our future cash flow position.” Ann Gloag said she believes “there is real potential for growth that has not been fully captured. Having worked in the transport industry for over 30 years, I believe I am very well placed to help maximise opportunities for both freight and passengers at Manston.” Sale completion will probably be on 29th November. Infratil bought Manston for £17 million in 2005. Click here to view full story…