Lekky-Man
Topic Author
Posts: 392
Joined: Sat Feb 16, 2002 4:40 am

TUI Buys CVT

Thu Feb 19, 2004 8:06 pm

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
 
Pe@rson
Posts: 16015
Joined: Sat Jan 13, 2001 6:29 pm

RE: TUI Buys CVT

Thu Feb 19, 2004 8:12 pm

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."
 
voodoo
Posts: 1959
Joined: Mon Mar 19, 2001 12:14 am

RE: TUI Buys CVT

Thu Feb 19, 2004 8:13 pm

No more Classic Airliner Air Shows........  Sad
` Yeaah! Baade 152! Trabi of the Sky! '
 
MYT332
Posts: 7283
Joined: Mon Sep 08, 2003 7:31 pm

RE: TUI Buys CVT

Thu Feb 19, 2004 8:13 pm

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.
 
richardw
Posts: 3138
Joined: Tue May 08, 2001 3:17 am

RE: TUI Buys CVT

Thu Feb 19, 2004 8:26 pm

Central news, haven't seen that for years, is Bob Warman still the Anchor?
 
BestWestern
Posts: 7075
Joined: Fri Sep 08, 2000 8:46 pm

RE: TUI Buys CVT

Thu Feb 19, 2004 8:31 pm

Airline buying airport - now that isnt low cost!
You are 100 times more likely to catch a cold on a flight than an average person!
 
FlyingColours
Posts: 2202
Joined: Fri Dec 26, 2003 3:13 am

RE: TUI Buys CVT

Thu Feb 19, 2004 8:40 pm

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
 
ACEregular
Posts: 577
Joined: Mon Aug 11, 2003 8:00 am

RE: TUI Buys CVT

Thu Feb 19, 2004 8:48 pm

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.
 
Lekky-Man
Topic Author
Posts: 392
Joined: Sat Feb 16, 2002 4:40 am

RE: TUI Buys CVT

Thu Feb 19, 2004 8:49 pm

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
 
Jaspike
Posts: 4843
Joined: Sat Feb 23, 2008 1:40 pm

RE: TUI Buys CVT

Thu Feb 19, 2004 8:53 pm

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
 
ManchesterMAN
Posts: 1042
Joined: Fri Sep 26, 2003 10:57 pm

RE: TUI Buys CVT

Thu Feb 19, 2004 8:55 pm

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
 
FlyingColours
Posts: 2202
Joined: Fri Dec 26, 2003 3:13 am

RE: TUI Buys CVT

Thu Feb 19, 2004 9:09 pm

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
 
BestWestern
Posts: 7075
Joined: Fri Sep 08, 2000 8:46 pm

RE: TUI Buys CVT

Thu Feb 19, 2004 9:26 pm

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.
You are 100 times more likely to catch a cold on a flight than an average person!
 
CKT789
Posts: 400
Joined: Sat Sep 27, 2003 5:56 pm

RE: TUI Buys CVT

Thu Feb 19, 2004 9:49 pm

What will happen to Atlantic's base at the airport? Do you think they'll move?
 
BDRules
Posts: 1474
Joined: Fri Oct 27, 2000 6:31 pm

RE: TUI Buys CVT

Thu Feb 19, 2004 9:50 pm

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
 
FLYtoEGCC
Posts: 929
Joined: Thu Feb 12, 2004 7:56 am

RE: TUI Buys CVT

Thu Feb 19, 2004 10:01 pm

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...
 
CKT789
Posts: 400
Joined: Sat Sep 27, 2003 5:56 pm

RE: TUI Buys CVT

Thu Feb 19, 2004 10:28 pm

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
 
Capital146
Posts: 2099
Joined: Sun Jun 15, 2003 8:45 pm

RE: TUI Buys CVT

Thu Feb 19, 2004 11:23 pm

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.
 
Lekky-Man
Topic Author
Posts: 392
Joined: Sat Feb 16, 2002 4:40 am

RE: TUI Buys CVT

Fri Feb 20, 2004 12:53 am

Maybe it'll be the same as what RYR have done at Hahn!!
 
alcregular
Posts: 2139
Joined: Fri Sep 26, 2003 5:53 am

RE: TUI Buys CVT

Fri Feb 20, 2004 1:58 am

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???
Why drive when you can fly?
 
FlyingColours
Posts: 2202
Joined: Fri Dec 26, 2003 3:13 am

RE: TUI Buys CVT

Fri Feb 20, 2004 6:09 am

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
 
BDRules
Posts: 1474
Joined: Fri Oct 27, 2000 6:31 pm

RE: TUI Buys CVT

Fri Feb 20, 2004 6:49 am

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
 
EZYcrew
Posts: 454
Joined: Mon Oct 29, 2001 7:26 am

RE: TUI Buys CVT

Fri Feb 20, 2004 6:53 am

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)
 
FlyingColours
Posts: 2202
Joined: Fri Dec 26, 2003 3:13 am

RE: TUI Buys CVT

Fri Feb 20, 2004 6:09 pm

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
 
trident2e
Posts: 1286
Joined: Sun Dec 28, 2003 3:38 am

RE: TUI Buys CVT

Fri Feb 20, 2004 6:15 pm

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.