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TUI Buys CVT  
User currently offlineLekky-Man From United Kingdom, joined Feb 2002, 371 posts, RR: 0
Posted (10 years 7 months 6 hours ago) and read 2177 times:

Hi all,

Central News has just reported that TUI have bought Coventry Airport.

They have not mentioned what the deal involves but will air more details on their lunch time bulletin.

All interesting stuff for those that are near.

LM

24 replies: All unread, jump to last
 
User currently offlinePe@rson From United Kingdom, joined Jan 2001, 19227 posts, RR: 52
Reply 1, posted (10 years 7 months 6 hours ago) and read 2151 times:

Funny as TUI's low-cost outfit will operate from there.


"Everyone writing for the Telegraph knows that the way to grab eyeballs is with Ryanair and/or sex."
User currently offlineVoodoo From Niue, joined Mar 2001, 2074 posts, RR: 0
Reply 2, posted (10 years 7 months 6 hours ago) and read 2144 times:

No more Classic Airliner Air Shows........  Sad


` Yeaah! Baade 152! Trabi of the Sky! '
User currently offlineMYT332 From United Kingdom, joined Sep 2003, 9112 posts, RR: 70
Reply 3, posted (10 years 7 months 6 hours ago) and read 2144 times:

The new TUI airline is called Thomsonfly.com
They start ops on the 31st March from Coventry



-
Alex




[Edited 2004-02-19 12:16:49]


One Life, Live it.
User currently offlineRichardw From United Kingdom, joined May 2001, 3749 posts, RR: 0
Reply 4, posted (10 years 7 months 5 hours ago) and read 2104 times:

Central news, haven't seen that for years, is Bob Warman still the Anchor?

User currently offlineBestWestern From Hong Kong, joined Sep 2000, 7147 posts, RR: 57
Reply 5, posted (10 years 7 months 5 hours ago) and read 2087 times:

Airline buying airport - now that isnt low cost!


The world is really getting smaller these days
User currently offlineFlyingColours From United Kingdom, joined Dec 2003, 2315 posts, RR: 10
Reply 6, posted (10 years 7 months 5 hours ago) and read 2063 times:

Oh Balls!

(Clears Throat) How far away from EMA is CVT?

Well if they bought the airport that is a bad thing on the case of slots, they could give BY great slots and screw over the other charters. Now I am no expert on Law (Although I do know quite a bit) but, there is a rule about something relating to unfair practicies (I have forgotten my point). Although it is right that they could just turn the airport into their own (for Tea You Eye flights only) it would hardly be sucessful. They would now be able to charge the other operators a fortune for crap slots - Thats not right.

Who owned CVT first (Please don't say MAN)?

How can you tell I am not a TUI fan

Phil
FlyingColours



Lifes a train racing towards you, now you can either run away or grab a chair & a beer and watch it come - Phil
User currently offlineACEregular From United Kingdom, joined Aug 2003, 676 posts, RR: 1
Reply 7, posted (10 years 7 months 5 hours ago) and read 2041 times:

Let them have the bleeding place, its not a particularly nice airport. Let them fund all the expansion work and go bust in the process.

User currently offlineLekky-Man From United Kingdom, joined Feb 2002, 371 posts, RR: 0
Reply 8, posted (10 years 7 months 5 hours ago) and read 2041 times:

The previous owners of CVT are the Atlantic Group, and before that, Coventry City Council.

Incidentally, by road, EMA is about 45mins drive, but air it's only a 10 minute flight.

LM


User currently offlineJaspike From United Kingdom, joined Feb 2008, 1 posts, RR: 2
Reply 9, posted (10 years 7 months 5 hours ago) and read 2026 times:

http://www.reuters.co.uk/newsPackageArticle.jhtml?type=businessNews&storyID=461232§ion=finance
http://business.timesonline.co.uk/article/0,,8209-1006741,00.html

Currently owned by Air Atlantique.

TUI, which entered the UK in 2000 through the £1.8 billion acquisition of Thomson Travel Group, is expected to press ahead with plans by the airport’s owners, Air Atlantique, to update the site and build a £3 million terminal.

Despite its proximity to East Midlands airport, home to bmibaby, the budget offshoot of bmi, TUI is confident of strong bookings from the five million people who live within an hour’s drive.

Air Atlantique, best known as a cargo carrier, took over the airport in 1998 from Coventry City Council with a 150-year lease. But sharp criticism has been directed at its management of the airport and TUI’s arrival should improve the odds on Warwick District Council approving the new terminal.

It is understood that TUI has become increasingly frustrated at the threat to Thomsonfly’s plans posed by the breakdown in relations between Air Atlantique and the local authorities. The company is believed to view taking over the airport as the best way of preserving its position.

A source close to TUI said that the tour operator had no intention of buying any other airports and described the cost of buying and redeveloping the airport as “minimal in the context of the size of the company”.


Josh


User currently offlineManchesterMAN From United Kingdom, joined Sep 2003, 1226 posts, RR: 1
Reply 10, posted (10 years 7 months 5 hours ago) and read 2015 times:

TUI won't go pricing other airlines out of operating there as I assume they actually want to make money. The only way they would get any other airlines in anyway would be to offer low fees given the local competition from the (superior) airports of BHX and EMA.


Flown: A300,A319,A320,A321,A330,A340.A380,717,727,737,747,757,767,777,DC9,DC10,MD11,MD80,F100,F50,ERJ,E190,CRJ,BAe146,Da
User currently offlineFlyingColours From United Kingdom, joined Dec 2003, 2315 posts, RR: 10
Reply 11, posted (10 years 7 months 5 hours ago) and read 1975 times:

I wonder if this is going to effect the relationship between BY and MAN since MAN owns EMA. I seriously doubt that they would appreciate some forign company trying to steal buisness.

CVT might be able to draw airlines from BHX (small A/C like 320's) but I doubt that they would get many from EMA as it is hard enough filling a widebody from there (which is why most airlines don't do those flights any more).

I also doubt that this venture is going to be a sucess, although they are not going to go bust (or close enough) during airport expansion - Which is a shame because they could sell BY to someone who appreciates it, they are entering a market which is yet unproven. The LCC market is unstable, it is working for some airlines like EZY and WW but not for MYT and Ryanair (who recently said profits slumped). Although the MYT Lite case is different and it was a sucess they just didn't see the need in splitting a company when they could have it as a cheap booking system.

Never know they might pull it off, then they might be able to afford a proper artist to design their livery.

Phil
FlyingColours



Lifes a train racing towards you, now you can either run away or grab a chair & a beer and watch it come - Phil
User currently offlineBestWestern From Hong Kong, joined Sep 2000, 7147 posts, RR: 57
Reply 12, posted (10 years 7 months 4 hours ago) and read 1923 times:

Thats the end of TUI ever making money from low cost operations in the UK. They picked CVT beacuse it was cheap! - now that the own it they have to staff and support it, and build a new terminal! If anything, BY will be foreced to move more capacity into the airport from BHX to make TUI think they know what they are doing.


The world is really getting smaller these days
User currently offlineCKT789 From , joined Dec 1969, posts, RR:
Reply 13, posted (10 years 7 months 4 hours ago) and read 1876 times:

What will happen to Atlantic's base at the airport? Do you think they'll move?

User currently offlineBDRules From United Kingdom, joined Oct 2000, 1501 posts, RR: 3
Reply 14, posted (10 years 7 months 4 hours ago) and read 1877 times:

BY cant really move any operations to CVT unless they expand the runway. Its only really big enough for 737's let alone 757's.

This could end up being bad news for Coventry airport and Tui.

Regards

Stu


User currently offlineFLYtoEGCC From United Kingdom, joined Feb 2004, 947 posts, RR: 2
Reply 15, posted (10 years 7 months 4 hours ago) and read 1837 times:

BDRules
According to the website "Campaign Against Expansion Of Coventry" , http://www.caeca.co.uk , the runway is currently being extended by 600 feet.



Come fly with me, let's fly, let's fly away...
User currently offlineCKT789 From , joined Dec 1969, posts, RR:
Reply 16, posted (10 years 7 months 3 hours ago) and read 1789 times:

Just read on BBCi that the acquisition is still to be approved by TUI's supervisory board.

Insert http://news.bbc.co.uk/1/hi/business/3503167.stm


User currently offlineCapital146 From United Kingdom, joined Jun 2003, 2125 posts, RR: 43
Reply 17, posted (10 years 7 months 3 hours ago) and read 1756 times:

This move seems to be turning into anything but "low-cost" for TUI. If it all goes ahead then how on earth are they going to make sufficient money to pay back the outlay? TUI must be really keen on CVT as surely only years of operations with high frequencies and healthy profits will make this purchase financially worthwhile?

I doubt whether they could move many BY flights away from EMA or BHX. From what I understand the proposed new terminal is only modest in size and wouldn't be able to deal with all this extra traffic on top of Thomsonfly's services. In any case, even with a 600ft runway extension I would image that B757's from CVT would be payload restricted on lengthy European flights to The Canaries/Greece/Turkey etc and therefore not make it worthwhile.

Seeing as TUI seem to enjoy turning nice things into takky (eg Britannia livery), then maybe they will also want to paint the new terminal a hideuos shade of pale blue with the crap "TUI smile" on the roof!  Smile



Like a fine wine, one gets better with age.
User currently offlineLekky-Man From United Kingdom, joined Feb 2002, 371 posts, RR: 0
Reply 18, posted (10 years 7 months 1 hour ago) and read 1704 times:

Maybe it'll be the same as what RYR have done at Hahn!!

User currently offlineAlcregular From , joined Dec 1969, posts, RR:
Reply 19, posted (10 years 7 months ago) and read 1665 times:

You would think that TUI would wait to see if this programme would take off the ground (pardon the pun) then decide to buy the airport. Which other airport are they going to buy next, Southend???

User currently offlineFlyingColours From United Kingdom, joined Dec 2003, 2315 posts, RR: 10
Reply 20, posted (10 years 6 months 4 weeks 1 day 20 hours ago) and read 1585 times:

Capital146 - Damn thats a good one,  Smile but it is also probabble knowing them

Southend !?!? - Thats owned by MAN isn't it or am I thinking of Southampton?

Phil
FlyingColours



Lifes a train racing towards you, now you can either run away or grab a chair & a beer and watch it come - Phil
User currently offlineBDRules From United Kingdom, joined Oct 2000, 1501 posts, RR: 3
Reply 21, posted (10 years 6 months 4 weeks 1 day 19 hours ago) and read 1562 times:

Southend is owned independently and SOU is owned by BAA.

MAN plc only own MAN, EMA, BOU and HUY, so i dont know what you were thinking about LOL.

could this be a big publicity stunt by Tui, even tho it will be bloody expensive or is this just a knee jerk reaction because the current owners and the local council dont get on.

Also i wonder how many accidents landing aircraft will cause at the roundabout near the east end of the runway??? a 737 almost landing on top of a car.

Regards

Stu


User currently offlineEzycrew From Spain, joined Oct 2001, 460 posts, RR: 3
Reply 22, posted (10 years 6 months 4 weeks 1 day 19 hours ago) and read 1547 times:

If they own the airport, who are TUI going to blame when there's a blizzard and all flights are grounded? (ironic of course..... just reminds of easyJet's complains, every winter, about LTN's inappropriate actions when it snows)

User currently offlineFlyingColours From United Kingdom, joined Dec 2003, 2315 posts, RR: 10
Reply 23, posted (10 years 6 months 4 weeks 1 day 8 hours ago) and read 1470 times:

BDRules - Thanks, I guess I was thinking that we had more airports down south. Oh well.

Indeed it will be intresting to see what they say when the airport is closed for a variety of reasons (Snow, Closed for Painting Smileys on the runway......).

I doubt it is a publicity stunt, I agree and think that it is because as was said in the article, they became concerned when the airports owners and the local authorities fell out - it could have jepordised their operations. What they will close the airline within a year and you can quote me on that.

Phil
FlyingColours



Lifes a train racing towards you, now you can either run away or grab a chair & a beer and watch it come - Phil
User currently offlineTrident2e From , joined Dec 1969, posts, RR:
Reply 24, posted (10 years 6 months 4 weeks 1 day 8 hours ago) and read 1463 times:

All airport operators, whether public or private, are licensed by the CAA under the Civil Aviation Act. This ensures that every airline that wants to operate from a particular airport can do, at terms that are available to all of them. Thomsonfly.com will not get preferential treatment, because the law specifically prohibits it.

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