Sancho Panza Posted October 20, 2014 Share Posted October 20, 2014 Insolvency News 20/10/14 'Liquidators have been appointed to the defunct Blackpool Airport, after the site failed to secure a buyer. The airport closed on 15 October as its final flight departed, with approximately 100 staff being made redundant. Blackpool Airport Limited (BAL) had been trading at a loss for “a number of years” and was wholly reliant on Balfour Beatty plc for funding. Nick Cropper, partner at Zolfo Cooper, said: “It is with regret that we have had to close the business. “The company’s business model relied on reaching approximately 500,000 passengers per annum to achieve break-even. However, as a result of the global economic downturn, competition from other airports in North West England and the loss of a key customer, these numbers have not been achieved and have remained at or around 250,000 per annum. “We have worked hard alongside the management team to try to find a buyer for the business, but sadly no credible offers have been received.” Quote Link to comment Share on other sites More sharing options...
Andy D Posted October 20, 2014 Share Posted October 20, 2014 I'm surprised it's kept going this long given both Manchester and Liverpool airports are around 60 miles away Quote Link to comment Share on other sites More sharing options...
little fish Posted October 20, 2014 Share Posted October 20, 2014 I think the North West air ambulance uses (used) Blackpool airport. Figures have been dropping since 2008 and It's been kept going by the training and teaching schools there. Quote Link to comment Share on other sites More sharing options...
frozen_out Posted October 20, 2014 Share Posted October 20, 2014 It just never took off, the staff must have been bracing themselves for a while. I hope they're all prepared so they're not just going straight into freefall. Quote Link to comment Share on other sites More sharing options...
billybong Posted October 20, 2014 Share Posted October 20, 2014 (edited) “We have worked hard alongside the management team to try to find a buyer for the business, but sadly no credible offers have been received.” There's unlikely to be any buyers for continued use as an airport seeing as it's failed at that already. BUT - for sure fire success in the UK with zero risk although Balfour Beatty aren't noted for doing house building (apart from their link to Mansell Homes that is) for sure it will know someone who does. The timing is handy as well seeing as there's a lot of noise at the moment about building new homes. Edited October 21, 2014 by billybong Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted October 20, 2014 Share Posted October 20, 2014 Damn, folks are going to miss all this ... Quote Link to comment Share on other sites More sharing options...
Si1 Posted October 21, 2014 Share Posted October 21, 2014 Manchester airport especially is so well connected with its own train station, it's not even like Blackpool airport could claim any kind of convenience in its situation Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 21, 2014 Share Posted October 21, 2014 (edited) What happened to the soft landing. I thought we were having a run-away recovery Edited October 21, 2014 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
ThePiltdownMan Posted October 21, 2014 Share Posted October 21, 2014 They must have spent a fortune on the seafront and the town centre redevelopments but it seems Blackpool can't be saved. The only thing it has going for it is that house prices are somewhat reasonable. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 21, 2014 Share Posted October 21, 2014 They must have spent a fortune on the seafront and the town centre redevelopments but it seems Blackpool can't be saved. The only thing it has going for it is that house prices are somewhat reasonable. They will be dropping soon, I suspect there might be some prime development land available for housing or a nuclear reactor soon Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 21, 2014 Share Posted October 21, 2014 The business obviously has too much baggage. Maybe they are run by some fly by night organisation Quote Link to comment Share on other sites More sharing options...
Austin Allegro Posted October 21, 2014 Share Posted October 21, 2014 They finally kicked the bucket (shop). Quote Link to comment Share on other sites More sharing options...
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