Teesside International Airport - General Thread

Snackbar said:
Maybe - I do hear on the grapevine that Liverpool isn’t performing as expected for them….
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I think there are drops in load factors across the board, Ryanair are down on expected load factors. Wizzair appear to be having trouble hence the latest all you can fly gimmick. None of this is positive for an airport like MME with growth ambitions, because if the big players aren’t delivering the passengers then the small ones aren’t going to do any better.

Like I say, Jet2 are now in the position where they could fill flights from pretty much any airport. The problem is that when you spread yourself too thinly you are opening yourself up to problems down the line. Potential for growth is finite. It is better value for money and more sustainable to have more aircraft in less bases, this will be why the CEO of jet2 recently suggested that BOH would be the last base. This could change, but next year around 90% of the U.K. population will be within 90 minutes of a Jet2 base, why go to the expense of adding more?

Things are different from when Teesside had 30+ IT flights per week in the summer, they need to accept this fact and stop chasing something that is highly unlikely to happen if they want their airport to have a viable future.
 
Snackbar said:
Maybe - I do hear on the grapevine that Liverpool isn’t performing as expected for them….
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I don't know why we're having a discussion about LPL in the Teesside forum but anyway, not having the knowledge one way or the other it is likely the LPL base is performing just fine as a sizable number of its passengers would previously have been using MAN to use Jet2. The BOH base on the other hand might be different.
 
Snackbar said:
My understanding is Jet2 have asked TAs across the NW to push potential clients towards LIverpool rather then MAN due to loads at Liverpool….
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I would refer you to my recent post on CAA passenger records in Liverpool section where I've added some detail on Jet2. Also to confirm their 5th aircraft is due at Liverpool for 2025.
 
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pug said:
Seen on the dried fruit forum that a Private Eye article has sourced a leaked document which shows that Teesside Airport will run out of money by June (presumably will require an injection of more public cash?).. If this is true things could get VERY interesting, particularly with the plans to reopen DSA using Teesside as some kind of blueprint, apparently the Teesside accounts are two months late being published.
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Teesside Airport Accounts were published on Christmas Eve.

Goosepool Accounts were published on 6th March.


How many times I have heard from enthusiasts saying that there is no money left, what are they going to do. Heard that for the past 4 years and airport still here operational and expanding with a number of hangars currently being built.
 
Stagman said:
Teesside Airport Accounts were published on Christmas Eve.

Goosepool Accounts were published on 6th March.


How many times I have heard from enthusiasts saying that there is no money left, what are they going to do. Heard that for the past 4 years and airport still here operational and expanding with a number of hangars currently being built.
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It’s not enthusiasts. It’s an article in the private eye which claims to have received a leak document suggesting that the airport could run out of money by June. The Private Eye are a reputable publication for investigative journalism and they wouldn’t commit to an article if they weren’t confident that their source was legitimate. Also, the lack of cash is not impossible given the sheer amount if money that has been invested into the project to date and even Houchen has hinted at a strategic review to be held because it’s clear the growth they had planned for has not materialised. Who paid for these new hangars? It’s a tried, tested and failed strategy of build it and they will come which is irritating to say the least.

It’s the Goosepool 2019 accounts for 23/4 that are 2 months late. Let’s skip over the fact that the Teesside Airport accounts were published on Christmas Eve…
 
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pug said:
It’s not enthusiasts. It’s an article in the private eye which claims to have received a leak document suggesting that the airport could run out of money by June. The Private Eye are a reputable publication for investigative journalism and they wouldn’t commit to an article if they weren’t confident that their source was legitimate. Also, the lack of cash is not impossible given the sheer amount if money that has been invested into the project to date and even Houchen has hinted at a strategic review to be held because it’s clear the growth they had planned for has not materialised. Who paid for these new hangars? It’s a tried, tested and failed strategy of build it and they will come which is irritating to say the least.

It’s the Goosepool 2019 accounts for 23/4 that are 2 months late. Let’s skip over the fact that the Teesside Airport accounts were published on Christmas Eve…
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Enthusiasts have said it previously over the years as well as some online content creators who say they are journalists then their stories gets published in Private Eye. It is nothing new.

Year 5 of the turnaround plan/ business case was always going to see a major review. It was scheduled from the beginning for a full review in Year 5, so it doesn't come as a shock.

In Business every Company does a small review every year, every second or third year a medium review and every five/ ten years a complete full review. This is it to allow a Company to adapt to changes both within the business and external factors.

Goosepool Accounts were published 9th March last year and 6th March this year. So I wasn't worried that publication was overdue, I was expecting them around the same sort of time.
Over the last few years numerous local authorities and their companies have had very delayed accounts being filed, main excuse being down to authorities pension schemes. So when it comes to local authorities accounts and that of their companies, it is a case of expect them when they come.
 
Stagman said:
Enthusiasts have said it previously over the years as well as some online content creators who say they are journalists then their stories gets published in Private Eye. It is nothing new.

Year 5 of the turnaround plan/ business case was always going to see a major review. It was scheduled from the beginning for a full review in Year 5, so it doesn't come as a shock.

In Business every Company does a small review every year, every second or third year a medium review and every five/ ten years a complete full review. This is it to allow a Company to adapt to changes both within the business and external factors.

Goosepool Accounts were published 9th March last year and 6th March this year. So I wasn't worried that publication was overdue, I was expecting them around the same sort of time.
Over the last few years numerous local authorities and their companies have had very delayed accounts being filed, main excuse being down to authorities pension schemes. So when it comes to local authorities accounts and that of their companies, it is a case of expect them when they come.
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Interesting you like to use the word enthusiast, aren’t we all enthusiasts? It’s a bit silly really.

I think there is more to come with this saga. I’m sorry but I’m not interested in pensions scheme responsibilities or any of that other convenient nonsense. It’s a business for which the local population are paying dearly, when the chips are down and public services start struggling that’s when questions start being asked, it will be no different with Teesside and it was ticking over ok previously before Houchen stuck a boot in.

Someone appears to have reviewed the Goosepool accounts that were submitted 2 days ago and discovered that the losses were £13.4 million with poor outlook due increasing costs. Doesn’t bode well.
 
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TIAL & Goosepool 2019 Accounts are totally separate to each other.
Goosepool are the owning company, thus has extra costs associated that TIAL doesn't.

Goosepool holds the shareholding cost of the airport plus the extra funds that TIAL doesn't bare. Hence higher loan interest payments to TVCA compared to that of TIAL.

So do not get confused when viewing Goosepool Accounts as in how the airport is doing, as you would get the wrong figures.

Was ticking over ok before Houchen got involved. Really!!!
So please tell me if it was ticking over ok.
How come since TVCA took over revenues doubled to highest they have ever been, passenger numbers increased, cargo has returned and has seen good figures, facilities expanded, property expanded, staff numbers have increased and increased investment.

2024-25 Accounts will see income streams increased with:
FedEx contract starting
Airbourne Colours opening
Unit D on Southside let

So for the Airport it is all moving in the right direction.
 
Stagman said:
TIAL & Goosepool 2019 Accounts are totally separate to each other.
Goosepool are the owning company, thus has extra costs associated that TIAL doesn't.

Goosepool holds the shareholding cost of the airport plus the extra funds that TIAL doesn't bare. Hence higher loan interest payments to TVCA compared to that of TIAL.

So do not get confused when viewing Goosepool Accounts as in how the airport is doing, as you would get the wrong figures.

Was ticking over ok before Houchen got involved. Really!!!
So please tell me if it was ticking over ok.
How come since TVCA took over revenues doubled to highest they have ever been, passenger numbers increased, cargo has returned and has seen good figures, facilities expanded, property expanded, staff numbers have increased and increased investment.

2024-25 Accounts will see income streams increased with:
FedEx contract starting
Airbourne Colours opening
Unit D on Southside let

So for the Airport it is all moving in the right direction.
Click to expand...
It’s all unsustainable and I’m hearing more to come on this saga. Watching with interest…
 
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