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PIK
Posted: Mon May 04, 2020 3:51 pm
by Clive
Talks over Prestwick Airport sale extended as Covid-19 hits aviation sector
Plans to return the heavily indebted Glasgow Prestwick Airport to the private sector have been waylaid by the coronavirus outbreak, with the timeframe for talks with a potential buyer of the troubled hub set to be extended.
Discussions have been ongoing since December with a preferred bidder in an attempt to sell off the Scottish Government-owned asset, which is reliant on public loans worth nearly £40m.
But with the global aviation sector sent into a tailspin as a result of the pandemic, the talks will continue for longer than planned.
A spokesman for Transport Scotland said: “The aviation industry, globally, is contending with challenges of an unprecedented scale caused by the coronavirus pandemic. Every aspect of the industry has been impacted and, understandably, this includes the sale of Glasgow Prestwick Airport.
“Whilst talks with the preferred bidder are continuing, it has been necessary to extend the time frame for these discussions. Progress continues to be made by both parties.
https://www.scotsman.com/health/coronav ... or-2841687
Re: PIK
Posted: Fri May 08, 2020 6:47 pm
by McG
A posting on PPrune seems to suggest talks over the sale have broken down.
https://www.pprune.org/airlines-airpor ... k-end.html
Re: PIK
Posted: Fri May 08, 2020 7:43 pm
by Clive
Aye but said post is taking an article in The Scotsman and changing what it says. It categorically doesn’t say talks have broken down of “fell through”. Finalisation delayed due to Covid, which goes without saying.
The state of the runway doesn’t sound too good though.
Re: PIK
Posted: Fri May 08, 2020 9:38 pm
by GKirk
747s are still landing on it, so i would suggest fake news
Re: PIK
Posted: Sat May 09, 2020 8:34 am
by GKirk
Volga Dnepr IL76 looks to have diverted in this morning en-route to Shannon from Athens
Re: PIK
Posted: Sat May 09, 2020 9:48 am
by Bearsden
GKirk wrote: ↑Sat May 09, 2020 8:34 am
Volga Dnepr IL76 looks to have diverted in this morning en-route to Shannon from Athens
Fog RVR < 600m until an hour or so ago
Re: PIK
Posted: Fri May 15, 2020 8:38 pm
by Bearsden
I wonder if PIK now has a financial loss from a fuel hedge?
The last set of financial statements stated 'A revised fuel supply agreement was signed with the current provider to ensure long term supply and price certainty.'
The fuel hedge losses being declared by airlines run into multiple £ millions
Re: PIK
Posted: Sun May 17, 2020 10:48 am
by atuk
Bearsden wrote: ↑Fri May 15, 2020 8:38 pm
I wonder if PIK now has a financial loss from a fuel hedge?
The last set of financial statements stated 'A revised fuel supply agreement was signed with the current provider to ensure long term supply and price certainty.'
The fuel hedge losses being declared by airlines run into multiple £ millions
That will be the next thing but possibly swept under the carpet given all the other “more important” news. What will be very much more interesting is the Ryanair base review. Two based aircraft........
Re: PIK
Posted: Sun May 17, 2020 11:35 am
by Clive
atuk wrote: ↑Sun May 17, 2020 10:48 am
Bearsden wrote: ↑Fri May 15, 2020 8:38 pm
I wonder if PIK now has a financial loss from a fuel hedge?
The last set of financial statements stated 'A revised fuel supply agreement was signed with the current provider to ensure long term supply and price certainty.'
The fuel hedge losses being declared by airlines run into multiple £ millions
That will be the next thing but possibly swept under the carpet given all the other “more important” news. What will be very much more interesting is the Ryanair base review. Two based aircraft........
Yeah, like why use PIK when they can use GLA with away based aircraft.
Re: PIK
Posted: Sun May 17, 2020 12:32 pm
by atuk
Clive wrote: ↑Sun May 17, 2020 11:35 am
atuk wrote: ↑Sun May 17, 2020 10:48 am
Bearsden wrote: ↑Fri May 15, 2020 8:38 pm
I wonder if PIK now has a financial loss from a fuel hedge?
The last set of financial statements stated 'A revised fuel supply agreement was signed with the current provider to ensure long term supply and price certainty.'
The fuel hedge losses being declared by airlines run into multiple £ millions
That will be the next thing but possibly swept under the carpet given all the other “more important” news. What will be very much more interesting is the Ryanair base review. Two based aircraft........
[/
Yeah, like why use PIK when they can use GLA with away based aircraft.
Absolutely 100% agree.