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Post by pug on Oct 15, 2022 14:54:04 GMT
Just looks like lip service to me. Obviously Peel will be pretty forthright with any potential investor regarding financial performance and the sort of incentives they’ve offered to airline in the past which haven’t worked out long term. Big issue here still is development potential and the value of the land as something else, CPO would I feel be based upon such a value too which I think will be completely prohibitive for any interested party. Elephant in the room also being no airlines and associated business left on the site in a couple of weeks as the incumbents operations go elsewhere. They need certainty, particularly in the difficult trading conditions forecasted. Be interesting to see what happens, but I can’t see what will come if this.
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Post by flyer on Oct 27, 2022 8:55:02 GMT
High volume noise around the closure of DSA in the final days before closure. Threats of legal action by Mayor, a frenzy of letter writing to government, a Parliamentary debate that focussed on blame and "credible" ( according to politicians not Peel) last minute offers to buy. However, the facts behind the issue remain the same as in June. DSA was Peels commercial venture. After 17years and £250 million investment it has never turned in a profit. It's their property and they want to cut their losses and use their property for other activities that will return a profit and, they say, provide economic benefit to the area.
What constitutes a credible offer to buy is always a matter for the seller- in this case Peel. No doubt the volume of noise will increase in the coming days but I don'expect anything to change Peels plan.
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Post by pug on Oct 29, 2022 10:03:08 GMT
A Peel Spokeswoman has been quoted by the Yorkshire Post to say that they have welcomed discussions with all interested parties but still have not received any credible offers that would create a viable future for the airport. She also went on to say that the airport have never turned airlines away, and they heavily incentivised airlines to fly from DSA… This is nothing new to us Im sure. Link to article: www.yorkshirepost.co.uk/news/politics/doncaster-sheffield-airport-owner-accused-of-working-to-make-airport-unusable-and-unsellable-3893082?ampToday marks the last outbound passenger carrying flights, all by Wizzair. I believe there will be some empty positioners outbound by TUI to bring home their passengers, the last of which will land on Friday. Still nothing announced regarding where 2Excel light twin and NPAS intend to go. I had heard HUY for the 2Excel stuff but nothing official.
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Post by flyer on Nov 3, 2022 12:28:56 GMT
Looks like the most recent update from the potential vendor - Peel -came in that statement yesterday pm. Basically 2 supposedly credible bids are no longer around and they will continue to talk to a 3rd. They have queried the standard of these so called bids - who is behind them ,where is the money coming from and in one case inital due dilegence brought-up doubts. They will not close the door just yet. They won't for two reasons 1) It is just possible they might find a buyer for all their land, not just the airport, who's able to pay them what they want 2) More likely, to show they are behaving reasonably to weaken any legal challenge.
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Post by pug on Nov 3, 2022 17:29:23 GMT
Looks like the most recent update from the potential vendor - Peel -came in that statement yesterday pm. Basically 2 supposedly credible bids are no longer around and they will continue to talk to a 3rd. They have queried the standard of these so called bids - who is behind them ,where is the money coming from and in one case inital due dilegence brought-up doubts. They will not close the door just yet. They won't for two reasons 1) It is just possible they might find a buyer for all their land, not just the airport, who's able to pay them what they want 2) More likely, to show they are behaving reasonably to weaken any legal challenge. I think when Peel say they haven’t received any ‘credible’ bids, that may well be true in the strictest sense. When they are selling something like this they I believe (could be mistaken) that they must apply due diligence to ensure that the organisation making the purchase are doing so with adequate finances and are not using the purchase for illegal operations. From what I can see in the leaked document of minutes with a meeting with airport staff (if it is reliable), they have held discussions in Manchester with 3 interested parties. One dropped out, the other two are subject to NDA and one of those has global business interests and is also keen on the Gateway East development. At this stage information is sketchy and open to wide speculation, however any interest in the development potential of the surrounding land should be sounding alarm bells. People should be careful what they wish for here.
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Post by flyer on Nov 3, 2022 18:02:56 GMT
Looks like the most recent update from the potential vendor - Peel -came in that statement yesterday pm. Basically 2 supposedly credible bids are no longer around and they will continue to talk to a 3rd. They have queried the standard of these so called bids - who is behind them ,where is the money coming from and in one case inital due dilegence brought-up doubts. They will not close the door just yet. They won't for two reasons 1) It is just possible they might find a buyer for all their land, not just the airport, who's able to pay them what they want 2) More likely, to show they are behaving reasonably to weaken any legal challenge. I think when Peel say they haven’t received any ‘credible’ bids, that may well be true in the strictest sense. When they are selling something like this they I believe (could be mistaken) that they must apply due diligence to ensure that the organisation making the purchase are doing so with adequate finances and are not using the purchase for illegal operations. From what I can see in the leaked document of minutes with a meeting with airport staff (if it is reliable), they have held discussions in Manchester with 3 interested parties. One dropped out, the other two are subject to NDA and one of those has global business interests and is also keen on the Gateway East development. At this stage information is sketchy and open to wide speculation, however any interest in the development potential of the surrounding land should be sounding alarm bells. People should be careful what they wish for here. Yes - it could end up under new ownership who also see the site would be more profitable without aviation mounting up cost.
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Post by Danny54d2 on Nov 10, 2022 16:46:17 GMT
A Peel Spokeswoman has been quoted by the Yorkshire Post to say that they have welcomed discussions with all interested parties but still have not received any credible offers that would create a viable future for the airport. She also went on to say that the airport have never turned airlines away, and they heavily incentivised airlines to fly from DSA… This is nothing new to us Im sure. Link to article: www.yorkshirepost.co.uk/news/politics/doncaster-sheffield-airport-owner-accused-of-working-to-make-airport-unusable-and-unsellable-3893082?ampToday marks the last outbound passenger carrying flights, all by Wizzair. I believe there will be some empty positioners outbound by TUI to bring home their passengers, the last of which will land on Friday. Still nothing announced regarding where 2Excel light twin and NPAS intend to go. I had heard HUY for the 2Excel stuff but nothing official. www.flightglobal.com/aerospace/2excel-outlines-fleet-move-plan-after-doncaster-sheffield-closure/150931.article“ Humberside airport will gain three Beechcraft King Airs and a pair of modified Piper PA-31 Navajos which 2Excel operates on behalf of the UK’s Maritime and Coastguard Agency. The site is already home to a pair of Sikorsky S-92 rotorcraft, flown by Bristow Helicopters on a related coastguard contract.” “ An additional Navajo – operated as a spotter aircraft for Oil Spill Response (OSR) – will also relocate to Humberside, alongside other PA-31s and King Airs used by 2Excel for pilot training, check flights and its capability development business unit. Another King Air pair, used for charter operations, will be occasional visitors, it adds.”
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Post by Danny54d2 on Nov 10, 2022 18:55:52 GMT
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Post by flyer on Nov 18, 2022 13:45:00 GMT
Donny Mayor Ros Jones has issued a statement today. She seems to have founded it necessary to focus on legal threats I.e. Judicial Review and Compulsory Purchase again. This does not signal anything other than things ain't going well in the talks between Peel and the prospective buyers. I believe she has a commitment already from Peel not to fully close the airfield before the end of this month. I'm sure that will be honoured by Peel to strengthen a defence of reasonable behaviour through a long process IF the Courts entertain any of DMBCs legal challenges.
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Post by pug on Nov 18, 2022 14:19:59 GMT
Donny Mayor Ros Jones has issued a statement today. She seems to have founded it necessary to focus on legal threats I.e. Judicial Review and Compulsory Purchase again. This does not signal anything other than things ain't going well in the talks between Peel and the prospective buyers. I believe she has a commitment already from Peel not to fully close the airfield before the end of this month. I'm sure that will be honoured by Peel to strengthen a defence of reasonable behaviour through a long process IF the Courts entertain any of DMBCs legal challenges. The closure of airspace has been postponed, presumably to honour the legal agreement apparently in place with Ros Jones that they don’t formally close the airport until the end of November. Some security staff have apparently had their contracts extended, ATC also. Not sure how to take the update today, though I don’t think too much can be read into it either way.
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Post by flyer on Nov 20, 2022 7:59:21 GMT
Article posted at 7pm last night in the business section of the Telegraph reports that talks have stalled. The bidder is named and is from UAE. It is claimed that they have not told Peel where the money would come from. As with all press reports it should be treated with caution but Telegraph business section is quite well usually informed. It could of course be old news that has since been sorts out.
I've tried to upload but its behind a pay wall which I don't understand. To view Google Doncaster Airport and it should appear as a choice.
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Post by flyer on Nov 20, 2022 8:06:37 GMT
Telegraph.co.uk/business/2022/11/19/middle-eastern-rescue-bid-doncaster-airport-stalled-proof-funding/
Try this
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Post by kirmingtonuser on Nov 20, 2022 11:01:41 GMT
I have an attachment of this article but Proboards will not allow it as 'the forum has exceeded its allowance for attachments'.
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Post by pug on Nov 20, 2022 11:53:25 GMT
I have an attachment of this article but Proboards will not allow it as 'the forum has exceeded its allowance for attachments'. Have managed to read it elsewhere. To summarise as I can’t paste the full lot. ‘His Excellency Mahmood Khaleel Al Hashmi, a prominent executive based in the emirate of Ajman in the UAE’ is part of the interested party. ‘Representatives in the UAE insisted that they had provided all the relevant details. Rishi Somaiya, representing Mr Al Hashmi, told the Telegraph that “we are absolutely not interested” in bidding unless permitted by Peel to conduct further due diligence on the airport.’ ‘Part of Peel’s concerns are understood to relate to continued relations between companies in Ajman, where Mr Al Hashmi operates, and Russian businesses following the invasion of Ukraine.’ ‘He said that although the consortium remained “on standby” and was interested in the airport as an investment opportunity, negotiations had stalled. He added that although the bidding consortium was credible, they had not yet put forward a firm bid. “Nobody is desperate to buy, and it looks like they're not desperate to sell,” he said.’ They have refuted claims that Russian money is involved. Link to article that is not behind a paywall; ukdaily.news/sheffield/middle-east-doncaster-airport-bailout-bid-stalled-over-proof-of-funding-source-2-55885.html
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Post by flyer on Nov 20, 2022 17:32:02 GMT
Some interesting dimensions to this aticle- the Russian money aspect for one. Plenty on the net from reliable news agencies reporting international concerns about UAE and Russian money over the last year. (UAE don't apply the sanctions against Russian many countries do). It also names some names and has a direct quote from the potential buyer suggesting they have not even started their due diligence -presumably because Peel say there has not been full disclosure of funders.
As Pug says some of this was alluded to a few weeks ago so I'm confused. Is this UAE bid the current one Peel are being encouraged to take or is it another one that has fallen away.
I don't expect we will hear much more before Wednesday when DMBC appear at the High Court to ask if they are qualified to apply for a Judicial Review.
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