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Spanish Airport For Sale  
User currently offlineAirbusGeek From United States of America, joined Apr 2013, 146 posts, RR: 0
Posted (1 year 1 month 3 weeks 2 days 23 hours ago) and read 7901 times:

Cuidad Real Central Airport south of Madrid, could now be yours for ONLY €100 Million! Buy it now before it goes!

Fine print: You will have to pay off €529 MIllion in Debt to creditors.

The story here:

http://www.dailymail.co.uk/news/arti...-Airport-finally-brought-life.html


PIEDMONT- A MODEL OF HOW GOOD AN AIRLINE CAN BE
23 replies: All unread, jump to last
 
User currently offlineStitch From United States of America, joined Jul 2005, 31059 posts, RR: 87
Reply 1, posted (1 year 1 month 3 weeks 2 days 23 hours ago) and read 7831 times:
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That's the one Top Gear (UK) were at this series, correct?

User currently offlineIndianicWorld From Australia, joined Jun 2001, 2983 posts, RR: 0
Reply 2, posted (1 year 1 month 3 weeks 2 days 23 hours ago) and read 7797 times:

Ummmmm... A failed airport in an area that isn't exactly likely to be highly valuable land to develop either.

Not exactly a great deal.


User currently onlinePanHAM From Germany, joined May 2005, 9437 posts, RR: 29
Reply 3, posted (1 year 1 month 3 weeks 2 days 22 hours ago) and read 7707 times:

I suggest they offer this in real estate magazines worldwide with the text heading

GET REAL

The place is worth a symbolic € and not a cent more. Still, anyone buying the place would be in trouble before the ink on the contract has dried.

It was "pecado en la ciudad" to build this place and to waste money on it.



E's passed on! That parrot is no more! He has ceased to be! E's expired and gone to meet 'is maker!
User currently offline727tiger From United States of America, joined Dec 2005, 271 posts, RR: 0
Reply 4, posted (1 year 1 month 3 weeks 2 days 22 hours ago) and read 7678 times:

Quoting Stitch (Reply 1):

That's the one Top Gear (UK) were at this series, correct?

Yes, it is.


User currently offlinebjorn14 From Norway, joined Feb 2010, 3499 posts, RR: 2
Reply 5, posted (1 year 1 month 3 weeks 2 days 22 hours ago) and read 7534 times:

Did they ever get a HSR built out there?


"I want to know the voice of God the rest is just details" --A. Einstein
User currently offlinespantax From Belgium, joined Nov 2004, 323 posts, RR: 1
Reply 6, posted (1 year 1 month 3 weeks 2 days 20 hours ago) and read 7193 times:

Could be used as a storage/dump airport Nevada-style? The place is hot and dry, few rain, very long runway and not that far from MAD. By the way, are there in Europe these kind of storage airports?


A300.10.19.20.21.30.40,AN26,ATR42,AVR146,B717.27.37.47.57.77,B1900,C130,C212,CH47,CRJ200.700,DC9,DHC4,ERJ135.190,F27
User currently onlinePanHAM From Germany, joined May 2005, 9437 posts, RR: 29
Reply 7, posted (1 year 1 month 3 weeks 2 days 18 hours ago) and read 6992 times:

Believe it or not, there is one in Spain, Teruel Airport, Teruel. I never heard of that and came across checking the move,ments this morning finding that the 2 744s from Air Cargo Germany have been ferried there from HHN resp FRA. for storage.

Teruel is a dedicated storage airport. Amazing. That kind of business is taken from Ciudad Real as well....

There are others as well, Chateauroux in France, the English have some former RAF fields that specialize in scrapping, someone tried that in Ahlhorn AB in Northern germany once. Pau in France or was it Lourdes is an Airbus facility...

becoming big business.



E's passed on! That parrot is no more! He has ceased to be! E's expired and gone to meet 'is maker!
User currently offlinebennett123 From United Kingdom, joined Aug 2004, 7635 posts, RR: 3
Reply 8, posted (1 year 1 month 3 weeks 2 days 18 hours ago) and read 6955 times:

In the UK, you have Kemble, Bournemouth, Manston, Southend, Lasham, and to some extent St Athan.

They also do storage/parting.


User currently offlineBraniff747SP From United States of America, joined Oct 2008, 2988 posts, RR: 1
Reply 9, posted (1 year 1 month 3 weeks 2 days 9 hours ago) and read 5433 times:

Sounds manageable... we all chip in $50 and make it the 'A.net Memorial Field' or something of the like.

[Edited 2013-08-08 20:04:00]


The 747 will always be the TRUE queen of the skies!
User currently offlineRussianJet From Belgium, joined Jul 2007, 7704 posts, RR: 21
Reply 10, posted (1 year 1 month 3 weeks 2 days 8 hours ago) and read 5388 times:
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I bid one euro. It's a good price Spain, I suggest you take the offer.


✈ Every strike of the hammer is a blow against the enemy. ✈
User currently offlinechiphazzard From Netherlands, joined Nov 2005, 5 posts, RR: 0
Reply 11, posted (1 year 1 month 3 weeks 2 days 7 hours ago) and read 5022 times:

Just don't forget you also "buy" a big debt with it of about 500 milion euro's ....


Keep looking forward, but don't foget where you came from.
User currently onlinePanHAM From Germany, joined May 2005, 9437 posts, RR: 29
Reply 12, posted (1 year 1 month 3 weeks 2 days 6 hours ago) and read 4722 times:

No, one € without any debt. That would be the deal and that contains a lot of risk for any potential buyer.


E's passed on! That parrot is no more! He has ceased to be! E's expired and gone to meet 'is maker!
User currently offlinejetblueguy22 From United States of America, joined Nov 2007, 2800 posts, RR: 4
Reply 13, posted (1 year 1 month 3 weeks 2 days 6 hours ago) and read 4663 times:
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Quoting Braniff747SP (Reply 9):
Sounds manageable... we all chip in $50 and make it the 'A.net Memorial Field' or something of the like.

I'll have to see if we have some discretionary spending money sitting around and see if Paul will let us buy it . Though I have a funny feeling NIMBYs will burn our airport to the ground with all the classic jets making a racket    .

It's a shame to see an airport just sitting around to waste. I know Spain's economy isn't the best right now, but were the projections just crazy high for the passenger count? Or did the economy really hurt the airport that much?
Pat



You push down on that yoke, the houses get bigger, you pull back on the yoke, the houses get bigger- Ken Foltz
User currently offlinemad99 From Spain, joined Mar 2012, 573 posts, RR: 0
Reply 14, posted (1 year 1 month 3 weeks 2 days 5 hours ago) and read 4460 times:

Quoting bjorn14 (Reply 5):
Did they ever get a HSR built out there?

Yes before the airport was built.
It goes right past it!


User currently offlinebabybus From , joined Dec 1969, posts, RR:
Reply 15, posted (1 year 1 month 3 weeks 2 days 4 hours ago) and read 4071 times:

Imagine the money wasted too on what was obviously a totally inaccurate feasibility study.

Again it proves how random some business decisions really are. Can we presume this was mostly EU money?

It seems to have had airline backing which you would have thought would have given it a good kick-off.


User currently offlineBrianDromey From Ireland, joined Dec 2006, 3920 posts, RR: 9
Reply 16, posted (1 year 1 month 3 weeks 2 days 4 hours ago) and read 3895 times:

None of it was EU money. It was all PRIVATE MONEY. It's absolutely hilarious to see some of the comments on the daily mail website, deriding the EU for this "waste", "point out one single thing the have done". The EU has opened borders, allowed the UK to benefit from a relatively strong pound, weak Euro, made those Spanish and Greek holidays cheap and easy. The EU has removed trade barriers allowing Asian and US manufacturers to open factories, employing thousands (Toyota, Honda, etc) and made that nice BMW or Merc much more affordable than it would otherwise be.
Now, much of that money has probably been "bailed out" by the Spanish and EU tax payers since, but it was originally a private project, not a government one.



Next flights: MAN-ORK-LHR(EI)-MAN(BD); MAN-LHR(BD)-ORK (EI); DUB-ZRH-LAX (LX) LAX-YYZ (AC) YYZ-YHZ-LHR(AC)-DUB(BD)
User currently offlineToni_ From Cape Verde, joined Apr 2002, 98 posts, RR: 0
Reply 17, posted (1 year 1 month 3 weeks 1 day 19 hours ago) and read 2335 times:

Finally a place to really put all the whacky airliners.net ideas to the test!  

With the a.net boarding process it will take 11 minutes to turn them bad boys around!
And someone call O'Leary! Tell him we got a conveyor belt runway ready to shoot those FR 737s right into the sky.


User currently offlineLJ From Netherlands, joined Nov 1999, 4435 posts, RR: 0
Reply 18, posted (1 year 1 month 3 weeks 1 day 18 hours ago) and read 2247 times:

Quoting Toni_ (Reply 17):
And someone call O'Leary! Tell him we got a conveyor belt runway ready to shoot those FR 737s right into the sky.

The problem is that 50% of those here on A.net want FR to fly to their airport and 50% not....... 
Quoting BrianDromey (Reply 16):
The EU has opened borders, allowed the UK to benefit from a relatively strong pound, weak Euro, made those Spanish and Greek holidays cheap and easy.

Not only that, it made house prices in Spain go up as all those British holiday makers wanted to buy a house in Spain, making it impossible for some locals to buy one of their own.


User currently offlineLJ From Netherlands, joined Nov 1999, 4435 posts, RR: 0
Reply 19, posted (1 year 1 month 3 weeks 1 day 17 hours ago) and read 2168 times:

This airport featured in Pedro Almodóvar last movie (Los amantes pasajeros). The fun bit of the movie was that one of the characters was someone who tricked people in investing into the airport Cuidad Real and was was on his way to Mexico flee from prosecution.

User currently offlinebjorn14 From Norway, joined Feb 2010, 3499 posts, RR: 2
Reply 20, posted (1 year 1 month 3 weeks 1 day 16 hours ago) and read 2102 times:

Quoting babybus (Reply 15):

Imagine the money wasted too on what was obviously a totally inaccurate feasibility study.

Is MAD that overcrowed and does AB still fky there?



"I want to know the voice of God the rest is just details" --A. Einstein
User currently offlineRussianJet From Belgium, joined Jul 2007, 7704 posts, RR: 21
Reply 21, posted (1 year 1 month 3 weeks 1 day 16 hours ago) and read 2084 times:
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Quoting PanHAM (Reply 12):
No, one € without any debt. That would be the deal and that contains a lot of risk for any potential buyer.

   Exactly so.



✈ Every strike of the hammer is a blow against the enemy. ✈
User currently onliner2rho From Germany, joined Feb 2007, 2641 posts, RR: 1
Reply 22, posted (1 year 1 month 3 weeks 1 day 15 hours ago) and read 2046 times:

Quoting AirbusGeek (Thread starter):
ONLY €100 Million! Buy it now before it goes! Fine print: You will have to pay off €529 MIllion in Debt to creditors.

Given the huge debt and zero market prospects, the airport may not even be worth a symbolic Euro...

Quoting jetblueguy22 (Reply 13):
It's a shame to see an airport just sitting around to waste. I know Spain's economy isn't the best right now, but were the projections just crazy high for the passenger count? Or did the economy really hurt the airport that much?

Nothing to do with the economy, the airport would have failed anyway, as it was a political pet project built on an unrealistic "business case", real-estate speculation, etc. There was no true market for it, with or without a good economy.

Quoting babybus (Reply 15):
Can we presume this was mostly EU money?

Not a single cent - just more of the usual EU-bashing there. Mainly local authorities and [now-bankrupt & bailed-out] regional savings banks. Don't worry, no UK tax money has been wasted there, just the savings of Spanish grandmas.

Quoting LJ (Reply 19):
This airport featured in Pedro Almodóvar last movie (Los amantes pasajeros). .

Now that could be an idea - rent it out to producers as a movie location - given that the scrapping business seems to be taken by Teruel (which I have just learned). Or what about general aviation, getting a flight school to set up there?


User currently offlinepeterinlisbon From Portugal, joined Jan 2006, 528 posts, RR: 0
Reply 23, posted (1 year 1 month 3 weeks 1 day 7 hours ago) and read 1862 times:

Ciudad Real doesn't do too badly for transport connections - it has a stop on the high speed railway line between Madrid and Seville and an international airport. I once went there for the weekend and we left early out of boredom - it's just a small town with nothing to see. I think there was a plan at some point to build a huge casino complex and to try to create a sort of European Las Vegas, but I don't know if that ever go off the ground.

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