Peel Airports Limited has sold its 75% majority share holding in Durham Tees Valley Airport to Peel Investments (DTVA) Limited.
The move will allow the airport to continue operational activities without change to workers or airlines.
The remaining 25% shareholding will stay with the six local authorities.
Stockton South MP James Wharton said: “We all want to see Teesside continue as a passenger airport and be as successful as possible.”
Peel Investments has been involved in the airport through its 35% share of Peel Airports Limited, which it retains as PAL continues to be a major shareholder in Liverpool John Lennon Airport and Robin Hood Airport in Doncaster.
The remaining 65% ownership of Peel Airports Limited is held by Vantage Airport Group which is now no longer involved in Durham Tees Valley Airport.
‘Commercial success’
Stockton South MP James Wharton said: “Hopefully Peel Investments will now be able to make a success of this important piece of our regional transport infrastructure.
“We must all now pull behind the new owners and encourage them to ensure it becomes the commercial success it should always have been.”
Peel Airports Limited has been asked by the Peel Investments to act in an advisory role to assist with the day to day operations at the airport.
Peel Investments is owned by the Manchester based Peel Group.
Tag: Teesside
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Durham Tees Valley Airport’s future secured by takeover
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FOR SALE – Durham Tees Valley Airport
Who wants to buy an Airport?
Durham Tees Valley Airport has been put up for sale.
Peel Airports Limited has announced it is to sell its majority shareholding that it holds in the airport, based in County Durham.
It said the airport “no longer fits within the company’s strategic plans for its portfolio of airports”.
Peel Airports owns 75% of Durham Tees Valley Airport. Six local authorities have owned the remaining 25% since 2003.
‘Key thing’
The airport will continue to operate as normal during this process for passengers due to travel over the coming weeks and employees based there.
Prime Minister David Cameron said: “The key thing about the future of Durham Tees Valley Airport, which is a vital airport, is not necessarily who owns it, but is it being invested in? Is it being expanded? Is it working well? That is the key question.”
The Conservative MP for Stockton South James Wharton, who has campaigned to see the airport’s future secured, has already discussed the situation with Transport Minister Theresa Villiers.Mr Wharton said: “I have explained to Theresa Villiers the importance of Teesside airport to our sub-regional economy and my concerns about any sale that could eventually lead to closure.
“She, and the Department for Transport, are now aware of the situation and will be following matters closely.
“It is time for new investment and for the future success of this important facility to be taken seriously.”
‘Significant impact’
Middleton-St-George Councillor Doris Jones said: “People want to see a vibrant and successful airport and will be worried that it could become an industrial estate or even housing.
“We need urgent assurances that this is not going to happen.
“What happens to this airport has a significant impact in Middleton-St-George, we need to ensure things are handled in the right way to protect residents and the economy in this part of the region.”
PricewaterhouseCoopers (trading as PwC) have been appointed to actively seek a buyer for the 75% of the shares and to oversee any subsequent sale process.
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More Trouble at Durham Tees Valley Airport
You may remember my post on 16th August entitled Trouble at Durham Tees Valley Airport.
Well, things have got worse. Below is the todays arrivals board taken from the airports own arrivals board at: www.durhamteesvalleyairport.com
Flight No. From Scheduled Expected Status
KL1537 Amsterdam 16:35 16:30 Estimated
T3587 Aberdeen 17:10 17:10
T3589 Aberdeen 20:45 20:45
KL1539 Amsterdam 21:45 21:45
T3581 Aberdeen 09:20 09:20
KL1533 Amsterdam 10:20 10:20
T3585 Aberdeen 14:10 14:10Yes, you can only fly to and from Aberdeen and Amsterdam. A weekly flight to Palma operates weekly in the summer. Theres now no flights to and from Southampton.
Its also on the news today that Customs have not been doing any checks on people travelling on Private Jets at the Airport.
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Trouble at Durham Tees Valley Airport
On the 26th October 2009 I posted this on my tumblr blog:
How many people used Durham Tees Valley Airport’s train station in the last year?
This is a picture of the train station at my local regional airport Durham Tees Valley Airport.
Today I found out exactly how many people used the airport train station in the past year – how many do you think this was? 1,000? 10,000? 40,000? 100,000?
The answer?
52!
Yes, thats right only 52 people used this station in the past year – thats an average of 1 person every week – and theres only 1 train per week that stops there.
This is the station that going to be part of the new ‘Tees Valley Metro’ system. On the plan they plan to have regular metro trains going to and from the airport station. Looking at the local train track network they could have decided to send all or some of the trains to my hometown (the current train track split into two with one going to my town and the other to the airport).
Under the current plans my nearest metro station would be a minimum of 15 minutes away in the car when the traffic is quiet.
I know where I would send the majority of the metro trains – to my hometown.
The figures in the first part of this blog post came from a report on BBC Look North, BBC ONE NE & Cumbria, 26th October 2009 6.30PM: http://www.bbc.co.uk/looknorthnecumbria
The plans for the metro have been given the go ahead and they are going to move the train station closer to the terminal building. They are also sending all the new metro trains to the Airport and none to the nearby market town – my hometown – Yarm.
The Airport is going through a massive decline with lots of routes being pulled by the likes of Ryanair – you can now only travel to Aberdeen, Southampton, Amsterdam and Palma (the latter only once a week during Summer). They are also charging passengers £8 to use the terminal. Theres even talk of reverting back to the old name of Teesside Airport and moving most of the RAF base near Northallerton to the airport as a way of keeping it open.