- Jan 16, 2009
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- Moderator
- #361
Sorry but I’m fully on the TVM bandwagon now;£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.
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'Game-changer' - Plans for £16m private investment at Teesside Airport
Teesside Airport is set for its 'biggest-ever' private sector investment, with proposals aiming to inject £16 million into the region.www.thenorthernecho.co.uk
Flights to Oblivion: Houchen ‘Investment’ in Airport
Tees Valley mayor proposes investment to support businesses at Teesside Airport. But airport has just disclosed losses. It's time for the TVCA cabinet to act
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.