PIK

[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

[McG]

A posting on PPrune seems to suggest talks over the sale have broken down.

https://www.pprune.org/airlines-airpor ... k-end.html

[Clive]

A posting on PPrune seems to suggest talks over the sale have broken down.

https://www.pprune.org/airlines-airpor ... k-end.html

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.

[GKirk]

747s are still landing on it, so i would suggest fake news

[GKirk]

Volga Dnepr IL76 looks to have diverted in this morning en-route to Shannon from Athens

[Bearsden]

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

[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

[atuk]

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........

[Clive]

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.

[atuk]

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.