PIK

[Bearsden]

I find it strange that after many years , share capita; was bought in last quarter of 23.
Dont you?

Sorry I don't follow your comment

TS PRESTWICK HOLDCO was the vehicle set up by Scottish Ministers in 2013 to buy Prestwick Airport

The other three companies were set up in 1991 ahead of the original purchase of Prestwick Airport in 1992 by Matthew Hudson and these companies have continued to trade under Stagecoach and Infratil and now Scottish Ministers

[ADIG]

I find it strange that after many years , share capita; was bought in last quarter of 23.
Dont you?

You have it all wrong. The company was set up in 2013 as clearly shown on the Companies House website. You, somehow, believe that a freedom of information request which was published in October 2023 is the same thing as TS Prestwick Holdco Ltd being created in October 2023 and bought shares

[hads]

I was sent it by an interested observer.
If you are correct, I admit the error and am standing this one down.
Ill tell her shes a diddy.

[Clive]

Bidders circle PIK apparently.

https://www.thetimes.co.uk/article/glas ... -g8lz396h3

I can’t see the article and it was obviously written by a half wit due to the headline about ‘Elvis Airport’ but if anyone can see it,

1. Why you subscribe to The Times? and
2. What’s the info on potential buyers lining up for PIK?

[cammyboy]

https://archive.is/jkvRH

[Clive]

https://archive.is/jkvRH

Thanks cammtboy. I was right about the author being a half wit.

So the former chairman want to buy it in conjunction with a Canadian fund management company which is involved with WestJet. Interesting revelations that the Scot Gov may have conditions that it is used as an airport for 5 years and not bulldozed for property development in that short timeframe. The stuff about a WestJet hub is complete bollox from a journalist who knows nothing about the industry, as is all the political claptrap he or she is spouting. Lest we forget, the Tories would have let it die and all the jobs and economic input die with it. When it is sold to the private sector the Scottish Government will rightly be lauded locally for giving a damn.

[Iain]

https://archive.is/jkvRH

Thanks cammtboy. I was right about the author being a half wit.

Yes, more laughable nonsense from journalists that know nothing about aviation!

Prestwick offers significant advantages over Scotland’s two larger airports, Glasgow and Edinburgh. Its long runway means it can handle fully-laden large aircraft such as the Airbus A380 “superjumbo’; the airport already has a dedicated rail link into Glasgow; and it is rarely blighted by fog, unlike many competitors in the UK and Ireland.

Because obviously GLA and EDI can't handle large aircraft like the A380, 777 or A350 - despite the fact these airports handle exactly these aircraft daily! Not to mention one wonders where exactly the pax are going to come from at PIK to fill an A380 so it is "fully laden"?

How many flights have had to divert from GLA or EDI due to fog in the last year? I'm guessing the answer is probably very close to zero?

If PIK has all these "significant advantages" over other Scottish airports, one wonders why no airline other that FR has shown any real interest in flying there in the last decade - and FR only seem to be there because its dirt cheap!

I see that also claim PIK is on the "outskirts of Glasgow" - I think they need geography lessons.

He was likewise tight-lipped on any plans he and his Canadian backers have for the airport. Onex has a pedigree in aviation, however, with its ownership of WestJet. It would not be ridiculous to assume that the carrier could establish Prestwick as a long-haul hub for flights that could head east to Asia.

Yes it would be ridiculous.

[Iain]

Indeed, here's another perspective:

https://dailybusinessgroup.co.uk/2024/0 ... idder/amp/

While it has a long runway that is fog-free and can handle large aircraft, doubts have been cast on suggestions that it could be established as a long-haul hub.

The source told Daily Business that the airport should terminate passenger services which are a drain on its resources.

“They need to maintain all the infrastructure around it, check-in and baggage handling, security, for a small number of passengers. It’s just adding to the costs,” said the source who added that it is a poor passenger experience as there are so few facilities.

He said the whole facility should be given over to maintenance and aerospace development work “which is what it is good at, and known for”.

[Clive]

Indeed, here's another perspective:

https://dailybusinessgroup.co.uk/2024/0 ... idder/amp/

While it has a long runway that is fog-free and can handle large aircraft, doubts have been cast on suggestions that it could be established as a long-haul hub.

The source told Daily Business that the airport should terminate passenger services which are a drain on its resources.

“They need to maintain all the infrastructure around it, check-in and baggage handling, security, for a small number of passengers. It’s just adding to the costs,” said the source who added that it is a poor passenger experience as there are so few facilities.

He said the whole facility should be given over to maintenance and aerospace development work “which is what it is good at, and known for”.

Totally correct. And I’m sure this is ultimately what will happen.

[Clive]

A You Tuber takes a flight from PIK and has a couple of controversial opinions https://youtu.be/h5lgT3SXQlI?si=LlCPZBsg6FUKUEOI