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Herne Bay, England, CT6
United Kingdom

Community website for all things Herne Bay (Kent, UK). Covers: The Downs, Herne Bay Museum, Herne Bay Historical Records Society, Herne Bay Pier Trust, Herne Bay in Bloom, East Cliff Neighbourhood Panel, No Night Flights, Manston Airport, Save Hillborough, Kitewood, WEA, Local Plan and much, much more...

No Night Flights

Infratil Annual Results 2011

HBM

Infratil's results are out, and they don't make happy reading for Manston, or Prestwick. I'm not an accountant, but the table of numbers doesn't look pretty - click it to big it.


INFRATIL AIRPORTS EUROPE

Infratil's two remaining European airports continued to experience very difficult trading conditions. Notwithstanding excellent cost control, losses grew as traffic continued to weaken.

The airports in Glasgow and Kent represent 4% of Infratil's assets and contributed an EBITDAF loss of £5 million (NZ$10 million) for the year.

Management is very aware of this disproportionate value/contribution aspect and the situation is receiving the urgent attention it warrants.

There are several solutions possible, but regrettably the preferred one, an improving European aviation scene lifting activity and hence income, seems the least likely.



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