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So what is the state of play with Birmingham Airport. Is it in dire straits financially? Who actually owns BHX?
BHX cannot bring in new investors, for the simple fact that BHX does not own any shares in itself that could be sold to such investors. All shares are held by the seven local councils, the Ontario Teachers Pension Plan and the employees holdings.Hi there all, I think that once we are finally over this so called virus, what needs to happen is the airport looking to other investors to come in ,have a good look at what the airport has to offer, but also what potential the airport would be able to offer if the right investment was put in place for expansion...AndyC
Hi there Kevin, they can if the price is right, if this new investor was prepared to aquire all of the 7 Councils for a good offer, then I don't think that the Councils would object, so it depends on what cost percentage it would be as a start off, say 400 million for 30 per cent stake, or 800 million for 49 per cent stake, leaving the employee share scheme at 2.75 %, this would then enable the new investor to look really hard again at the masterplan again, readjust it to what it was about 3-4 years ago at 30 million passengers by 2033 and not the ridiculous 5 million extra by 2033, that just five million more in 12 years time...AndyC
I would be happy with 18m pax by 2033 nowIn the 5 years from 2012 to 2017, the airport added 4 million passengers. Even without Covid, if growth had continued at that rate, the airport would only be handling 24 million passengers by 2033. 30 million passengers is a pipe dream that isn't going to happen for several decades, if at all!
Even if BHX resumed that rate of growth once passengers levels have recovered to pre-covid levels by say 2023, the airport would be lucky to break the 20 million passenger barrier by 2033.
As things stand, 18 million passengers by 2033 is an ambitious target.
To be honest, I think this loan facility is purely just a back up and a show of offering from some councils. I’ve read the BHX holding company accounts for last financial year and they have strong liquidity (243 million cash balance) and clearly state they can cover costs for 18 months (from March ‘20) without borrowing anymore externally. I’m confident they will ride this lockdown without resorting to borrowing from local authorities
Haven't they said they would welcome people who are vaccinated? By mid May I think the government is planning for the majority of the most vulnerable to have been vaccinated. One expert on the BBC recently said the government is underestimating the vaccine rollout and he thought the majority of the population would be vaccinated long before the official conservative estimate.Cyprus are gambling a bit on this one. No charter flights can commence until May 17th at the earliest. A pal of mine is 'stuck' over there while the Covid situation is ongoing. He tells me they have had a recent surge in cases!. Who knows what will happen between now and mid May?
Haven't they said they would welcome people who are vaccinated? By mid May I think the government is planning for the majority of the most vulnerable to have been vaccinated. One expert on the BBC recently said the government is underestimating the vaccine rollout and he thought the majority of the population would be vaccinated long before the official conservative estimate.
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