£12.5m funding request to TVCA cabinet on 28th March.

The funding will help expand facilities which will unlock £16m of private investment from a number of companies. New hangars and taxi ways are part of funding bid to help allow Airbourne Colours, Draken and Willis to expand operations at the airport as well as attracting new investors.

 
£12.5m funding request to TVCA cabinet on 28th March.

The funding will help expand facilities which will unlock £16m of private investment from a number of companies. New hangars and taxi ways are part of funding bid to help allow Airbourne Colours, Draken and Willis to expand operations at the airport as well as attracting new investors.

Sorry but I’m fully on the TVM bandwagon now;


They ain’t ‘unlocking private Investment’, they’re desperately trying to stem the cash flow issues.

Do I believe there is scope for a viable airport business at Teesside? Yes, absolutely.. Do I think the way Houchen is going about his business actually future proofs the site? Far, far from it… if anything he’s transformed it from a business that could have covered its costs under a conservative management approach to one which will perennially require injections of cash. That’s not sustainable, the penny will drop eventually and the empire will crumble leaving Teesside airport in a perilous state.

At first there was support for it amongst the people I’ve worked with, it’s now turned into something of a farce.. Cartoon corruption.
 
Airport Business Plan 2024 is online for TVCA Cabinet Meeting 28th March.


Business Plan has the goal of reaching 485,000 passengers annually by 2029.
Over 575,000 by March 2031.
Million plus is now expected Mid 2030's.

Ryanair 7 year agreement extended to 2030.

Work to secure a second low-cost carrier is also progressing well, to increase both destinations and capacity.

Cargo volumes at TIAL are steadily increasing and, at the time of writing, FedEx has processed over 210,000kgs of cargo – which is expected to grow as they transition to twice-daily operations from November 2024.

Annual Rent roll in 2019 was £526,000 has increased to £1.35m in 2023-24.

By fiscal year end 24/25, the rent roll at the airport is forecast to reach £1.94million following the completion of the two FedEx transactions, Airbourne Colours Hangar 4 lease, Thales renewal and Unit D lease completion.

Revenues expectations
2025-26 £22.8m
2029-30 £29.9m

Expectation of Positive EBITDA by 2027-28 and £1.04m for 2029-30.

Ground Handling outsourced to be brought back in house 2025-26.
 
https://teesvalley-ca.gov.uk/about/...s/2/2025/03/13.-Investment-Plan-Refresh-2.pdf

163,000 sq ft of specialist aviation commercial space to be constructed.


Airbourne Colours:
Second Hangar to be built, plus a further two hangars required in the future. Making it four hangars at Teesside.

Draken:
Another hangar to be built plus offices, meeting rooms, workshops and ancillary. To create Centre of Excellence for the Honey Badger fleet. 7 more Honey Badgers to be based, Challenger Jet to be potentially based. Wants to become a base for NATO training as a future development.

Willis:
Build two twin bays hangars, offices, workshops and car park.

A number of these projects required to be operational by October 2025 to fulfil contracts.

These developments fall under airport Permitted Development Rights and has been submitted on that basis.

The 28th March Cabinet Meeting Papers have certainly shone a light on developments at the airport. Shows significant expansion of facilities, which shows to a more positive outlook ahead.
 
Airport Business Plan 2024 is online for TVCA Cabinet Meeting 28th March.


Business Plan has the goal of reaching 485,000 passengers annually by 2029.
Over 575,000 by March 2031.
Million plus is now expected Mid 2030's.

Ryanair 7 year agreement extended to 2030.

Work to secure a second low-cost carrier is also progressing well, to increase both destinations and capacity.

Cargo volumes at TIAL are steadily increasing and, at the time of writing, FedEx has processed over 210,000kgs of cargo – which is expected to grow as they transition to twice-daily operations from November 2024.

Annual Rent roll in 2019 was £526,000 has increased to £1.35m in 2023-24.

By fiscal year end 24/25, the rent roll at the airport is forecast to reach £1.94million following the completion of the two FedEx transactions, Airbourne Colours Hangar 4 lease, Thales renewal and Unit D lease completion.

Revenues expectations
2025-26 £22.8m
2029-30 £29.9m

Expectation of Positive EBITDA by 2027-28 and £1.04m for 2029-30.

Ground Handling outsourced to be brought back in house 2025-26.
Positioned for the begging bowl to keep going round🤣 Just had a quick read and this rewrite of the business case fails to acknowledge why the airport remains behind in its post covid business case re-hash…..Talks up how it’s Ryanair most profitable post 2020 new airport destination - so what? Ryanair have had to be dragged to add two new routes this summer after the airport trying for over 5 years to get these added - if Ryanair were making significant cash in these routes they’d have been straight in….talks of new LCCs are just pie in the sky and jam tomorrow as usual….What happened to the LC operational base that the Mayor promised would be there 2 years ago in the original business case?? - that now seems to be missing……
 
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Positioned for the begging bowl to keep going round🤣 Just had a quick read and this rewrite of the business case fails to acknowledge why the airport remains behind in its post covid business case re-hash…..Talks up how it’s Ryanair most profitable post 2020 new airport destination - so what? Ryanair have had to be dragged to add two new routes this summer after the airport trying for over 5 years to get these added - if Ryanair were making significant cash in these routes they’d have been straight in….talks of new LCCs are just pie in the sky and jam tomorrow as usual….What happened to the LC operational base that the Mayor promised would be there 2 years ago in the original business case?? - that now seems to be missing……
Same story as DSA, very little working knowledge of aviation and I understand Houchen was instructed to stop meddling in the running of the place and announcing nonsense. There aren’t the airlines to go around equally now, it’s a race to the bottom to get costs as low as possible just to get them to take any interest, then inevitably they deliver a token presence at best which is never going to be scaleable in any way. Basket case, they should focus on the core business like Draken and the ancillary stuff.
 
https://teesbusiness.co.uk/2025/03/...and-potential-jobs-boost-at-teesside-airport/

TVCA Cabinet approved £12.5m funding to the Airport.
Construct a hangar and lease to Airbourne Colours.
Infrastructure improvements and upgrades, power supplies, taxiways, roads.

This unlocks over £16.5m of investment from Draken & Willis
£6.5m from Draken to fund new hangar and offices for themselves.
£10m from Willis to build a twin hangar for themselves.

Then a further £10 from Willis to build another twin hangar, once first twin hangar is built (mentioned in the cabinet papers).
 
A good five page article about the airport in the magazine Airliner World.

"I think we'll under promise and over deliver." is a quote from the MD Phil Foster when asked about the updated 5 year business plan.

An interesting quote made. But when you read the full article you can see why they have gone for this approach.
 
A good five page article about the airport in the magazine Airliner World.

"I think we'll under promise and over deliver." is a quote from the MD Phil Foster when asked about the updated 5 year business plan.

An interesting quote made. But when you read the full article you can see why they have gone for this approach.
Whilst Phil Forster is being quite modest, I do recall an article in the very same publication around the time that Peel had taken over the airport and that had almost like for like the same tone and optimism.

Sorry but for as long as Teesside is in the hands of the public sector and relies on public sector funding it will always be at the whim of political direction until such time that it can become financially self sustaining. Wasting £20m on a train station revamp is a case in point. They might retain the ancillary aviation business but the passenger side will always struggle against the bigger players.
 
Autonomous Bus & Tug operational trials to start in the Autumn.

 
The June 2025 edition of Airliner World article is available to be viewed online freely now.
 
Ramside Estates has signed a 150 year lease for the site of the former St George Hotel.

 

2024-25 Accounts

Revenue £16,895,845
Pre Tax Profit £1,178,636

Employees 175
Wage Costs £6,894,004

CAA Stats
Terminal Passengers 226,413
Aircraft Movements 19,584
Cargo 879 Tonnes
 

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All checked in for my flight to Sydney from Manchester via Heathrow. Been waiting for this trip for nearly a year and now tomorrow I'll finally head to Australia and New Zealand!
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survived a redundancy scenario where I work for the 3rd time. Now it looks likely I will get to cover work for 2 other teams.. Pretty please for a payrise? That would be a no and so stay on the min wage.
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Well it looks like I'm off to Australia and New Zealand next year! Booked with BA from Manchester via Heathrow with a stop in Singapore and returning with Air New Zealand and BA via LAX to Heathrow. Will circumnavigate the globe and be my first trans-Pacific flight. First long haul flight with BA as well and of course Air NZ.
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