PIK

[Bearsden]

All the cladding on the new Ryanair/PAM hanger seems to be complete, meanwhile the six Norwegian Dreamliners are now back North side, although one was in Chevron today.

All six B787s have now been grounded for at least a year - the last to reach that anniversary was LN-LNB which arrived on 17 Sep 19

[Allen McL]

All the cladding on the new Ryanair/PAM hanger seems to be complete, meanwhile the six Norwegian Dreamliners are now back North side, although one was in Chevron today.

All six B787s have now been grounded for at least a year - the last to reach that anniversary was LN-LNB which arrived on 17 Sep 19

Are these 787's actually going to receive their replacement engines or are they now victims of Norwegians poor financial status ?

[G-WATP]

The preferred bidder would prefer no longer to bid: https://www.parliament.scot/S5_Rural/Ge ... irport.pdf

[Clive]

The preferred bidder would prefer no longer to bid: https://www.parliament.scot/S5_Rural/Ge ... irport.pdf

ScotGov now considering their options.

https://www.dailyrecord.co.uk/news/poli ... d-22768702

Again yon preferred bidder is said to have been AGS.

[hads]

Not entirely a surprise to hear that. So the clusterf&^k continues.

[Gla1]

I just don’t see how this situation can continue!

[Bearsden]

Extract from an earlier letter to Rural Economy and Connectivity Committee from Stewart Adams, CEO PIK . . . .
The group has seen a significant improvement in performance this year compared to the previous year
with revenue up 46% from £24.6m to £36m and, for the first time in many years an underlying
operating profit of £3m, which is a 400% improvement on the previous year. Whilst passenger
numbers have reduced again this has more than been made up with non-scheduled and other aviation
activities in the group and the business has benefited from increased fuel sales with volumes up 85%
year on year at 36 million litres and cargo volumes remaining strong at 14 thousand tonnes.

I have raised the question if PIK had hedged its fuel purchases for the months/years ahead pre COVID-19 then there will undoubtedly be a hedging loss which one assumes is not shown in 'underlying operating profit'

I can't see the letter dated 14 September referred to into today's news

[atuk]

Why all the secrecy regards the aborted purchase and potential purchaser?

Here’s hoping a national newspaper files a Freedom of Information request?

[Bearsden]

Why all the secrecy regards the aborted purchase and potential purchaser?

Here’s hoping a national newspaper files a Freedom of Information request?

But there will be a 'Commercial in Confidence' get-out clause

I see its corporate website no longer reports monthly statistics nor the board minutes (albeit heavily redacted)

[atuk]

[quote=atuk post_id=1852 time=<a href="tel:1601496313">1601496313</a> user_id=75]
Why all the secrecy regards the aborted purchase and potential purchaser?

Here’s hoping a national newspaper files a Freedom of Information request?

But there will be a 'Commercial in Confidence' get-out clause

I see its corporate website no longer reports monthly statistics nor the board minutes (albeit heavily redacted)
[/quote]

Just read the BBC news report which states 300 direct employees at PIK and these jobs could be at risk if no decisive action is taken. 300 when 320 Swissport jobs at GLA will go plus the 421 at EDI. That doesn’t take Menzies, EDI or GLA staff into account. Quite frankly PIK as a commercial airport is an utter failure, a drain on public funds and a total anachronism in today’s world. Never ever in the field of commercial aviation has so much been squandered on so few by so many!