Southend Airport will not be sold, owners vow (From Echo)
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Southend Airport will not be sold, owners vow
12:00pm Sunday 24th February 2013 in Southend
Southend Airport
SOUTHEND Airport will not be sold to balance the books, its owners have vowed.
Stobart Group, which has ploughed more than £100million into the airport’s regeneration, has said it will not consider cashing in on the asset to soothe its strained finances.
The company is thought to want to sell several parts of its empire, after warning shareholders it would not generate as much profit as expected this year.
But in a statement issued to the Echo, Stobart said it was “as committed as ever” to Southend Airport.
The statement added: “Southend Airport, and the substantial Stobart Group investment in its development, has resulted in an outstanding success story.
“This summer we will reach the first million passengers through the airport since its redevelopment.
“New routes continue to be announced and the airport benefits business and the region as a whole on the back of its success.
“Stobart Group is very proud of Southend Airport and is as committed to it as ever.”
Comments are closed on this article.
Comments (39)
12:22pm Sun 24 Feb 13
al coniston says...
12:30pm Sun 24 Feb 13
paintlad3 says...
1:49pm Sun 24 Feb 13
emcee says...
The reason a lot of companies never get things right is because these companies do things more to please the short term whim of the sahreholders than do what is good for the business in the long term.
2:20pm Sun 24 Feb 13
jolllyboy says...
2:32pm Sun 24 Feb 13
Letmetryagain says...
banks. Perhaps they are putting the screws on.
An investment like the Airport is going to take a very, very long time to pay for
itself. If indeed it ever does.
3:34pm Sun 24 Feb 13
Audioman says...
4:47pm Sun 24 Feb 13
saddo99 says...
5:02pm Sun 24 Feb 13
Nebs says...
5:39pm Sun 24 Feb 13
Teetime says...
5:41pm Sun 24 Feb 13
rhowes says...
5:45pm Sun 24 Feb 13
Teetime says...
6:16pm Sun 24 Feb 13
leslog says...
7:33pm Sun 24 Feb 13
Soouthchurch59 says...
Swines!
7:33pm Sun 24 Feb 13
lennyfy says...
7:36pm Sun 24 Feb 13
Soouthchurch59 says...
8:05pm Sun 24 Feb 13
Teetime says...
8:45pm Sun 24 Feb 13
Soouthchurch59 says...
9:06pm Sun 24 Feb 13
Devils Advocate says...
9:36pm Sun 24 Feb 13
supershrimper says...
10:23pm Sun 24 Feb 13
jayman says...
to put it bluntly. southend airport is a cash cow that wont lactate fast enough. The cow remains too ugly to sell.
If Southend airport was served by a M-road or had its own dedicated rail service or had the prospect of long haul flights then perhaps the old heifer would be worth a bean or two...
6:44am Mon 25 Feb 13
SARFENDMAN says...
7:39am Mon 25 Feb 13
supershrimper says...
It has its own train station, and let's be honest, if easyJet are continuing to add new routes, it can't be that 'ugly', financially speaking.
9:28am Mon 25 Feb 13
j-w says...
12:07pm Mon 25 Feb 13
southendshrimper says...
12:07pm Mon 25 Feb 13
wontholdback says...
They are asking worn out staff to cover under manned shifts and asking them to be paid in time owing as cant afford to pay overtime!! if all else fails they will pay a man a few hrs to cover very important areas.
The staff are at breaking point but the management refuse to take this on board,its all take from them and if you show any distain you hear well if you want to have a job ?? We work so hardbut its not all rosy at SEN
1:02pm Mon 25 Feb 13
r6keith says...
1:05pm Mon 25 Feb 13
Broadwaywatch says...
6:05pm Mon 25 Feb 13
jayman says...
Stansted has its own branch line.
Gatwick has the Gatwick express train service.
Southend has a flashy station bolted on to a congested commuter line..
Southend has no direct long haul flights and never will.
Southend airport is not yet in the black after investment and it will need many years of continued growth before it is..
6:35pm Mon 25 Feb 13
Joe Wildman-Clark says...
If you can not provide the proof than I recomend you issue a retraction as you could find yourself in serious trouble if it is proven that you have lied in your post.
(just trying to bhelp)
6:38pm Mon 25 Feb 13
Joe Wildman-Clark says...
Did enjoy his slagging matches with some of the others on here, good belly laugh reading the arguments back and forth!
6:42pm Mon 25 Feb 13
Joe Wildman-Clark says...
It's more of a medium/long term project, not many if any companies could get their £100million of private capital back in under a year without selling the asset they have been working on.
6:50pm Mon 25 Feb 13
Dinosaur_Jr says...
Heathrow. The Picadilly line is also a commuter service taking 45 minutes to get from Heathrow to central London.
Stansted does have an 'Express' service. But this service shares track space with slower commuter services an takes about 45 minutes from Liverpool Street.
The Gatwick Express also shares tack space with commuter services.
Southend Airport has a regular train service which takes about 55 minutes to get to Central London. I don't see how this differs too much from the services from other airports you reference.
As for never offering long haul flights. When did anyone ever say that was part of the business plan.
Finally you say that it will take years to return the investment. That is what is called a long term investment plan. Would you be happy if this business had a short term strategy?
8:45pm Mon 25 Feb 13
Nebs says...
Personally I prefer the idea of an airport in the estuary for long haul flights, but some time in the future they could happen at Southend.
11:08pm Mon 25 Feb 13
Joe Wildman-Clark says...
the runway length is too short, there is not much chance of it being extended at one enf you have Nestuda Way at the other you have a railway line, houses and Southend Road, the cost of tunneling them would be very high.
At the Nestuda Way end you would be looking at the very least £12million as the depth would need to be sufficient for the runway to be laid across the top, you would also have to take into account the rate of the slope going down/up into/out of the tunnel, you also have to consider the RBS access and St St Laurence Way junction you would not want to have a roundabout in the tunnel.
At the Southend Road/Railway end you would be look at something not giving much change from £100million as the road and railway would need tunneling starting from before Rochford Station (coming into Southend) emerging close to where to where Warners Bridge is, would would make the new station redundant.
The runway is not wide enough to take wide wide bodied aircraft, space prevents it from being made wider.
The Estuary airport might happen but... 90% of the airlines that use Heathrow have said they do not want it, any compnay electing to build it might very well find they have the worlds biggest white elephant, as airlines switch long haul operations to other airport only operating feeder flights to the new airport and other reginal airports arround the UK.
Better to make more sensible use of the airport we have before building new.
Northolt is a stones throw from Heathrow, if all domestic flights operating into and out of Heathrow were switched over there it would free up much needed space at Heathrow, a high speed underground rail link direct to the city could be built to get people to London fast.
11:14am Tue 26 Feb 13
tophatdt says...
1:38pm Tue 26 Feb 13
StuckInTraffic says...
In a statement issued to the Echo, Stobart said it was “as committed as ever” to Southend Airport
They are 2 completely different statements, and the Stobart statement does not mean they won't be selling it, they didn't say that.
They said they are committed to it, that could mean they are commited to the airport generating them some money, that could well mean selling it to generate some profit following all the investment they have done there.
Either that or the Echo has mis reported what was actually said, which wouldn't surprise me.
6:39pm Tue 26 Feb 13
Joe Wildman-Clark says...
Should the airport charge the car parking company the fukk charge of the parking they took during the free parking scheme?
Should the people that paid for parking now get their money back?
How can the airport prevent this happening again, prehaps get an injunction against nammed persons from entering the airport grounds?
3:20pm Wed 27 Feb 13
Letmetryagain says...
After the wholesale bannings imposed by the echo ?
7:33pm Wed 27 Feb 13
supershrimper says...
Jayman, are you seriously suggesting that the airport would be more popular if they built an exclusive airport line RIGHT NEXT TO the current line going into The City?