jmc757
Posts: 1205
Joined: Thu Mar 09, 2000 3:36 am

TUI Sells Coventry Airport

Fri Jan 06, 2006 2:49 am

TUI announced today they have completed a deal to sell Coventry airport. They bought the airport just under two years ago, just before Thomsonfly.com started flights from CVT.

The new owners are a new company CAFCO Coventry, set up especially to buy the airport, as a joint venture between American holding company CAFCO and Irish Howards Holdings PLC.

http://news.bbc.co.uk/1/hi/england/coventry_warwickshire/4584712.stm

The airport is business as usual, the new owners plan to proceed with the terminal plans and Thomsonfly.com are apparently comitted to CVT. PArt of me wonders whether there is a clause, i.e. TFly must operate for X amount of years? I also wonder how much TUI have made from the deal, they bought an airfield for £7million and have now sold an operational airport...
 
Humberside
Posts: 3223
Joined: Sun Jan 01, 2006 12:44 am

RE: TUI Sells Coventry Airport

Fri Jan 06, 2006 4:28 am

Perhaps passenger routes may start with airlines other than those owned by TUI. CVT could do with some domestic flights
Visit the Air Humberside Website and Forum
 
jmc757
Posts: 1205
Joined: Thu Mar 09, 2000 3:36 am

RE: TUI Sells Coventry Airport

Fri Jan 06, 2006 11:21 pm

Looks like BHX is throwing its toys out of the pram again...
Story Here

Perhaps they shoyuld concern themselves with their own airport rather than what everyone else is doing.
 
TriStar500
Posts: 4411
Joined: Thu Nov 04, 1999 9:50 pm

RE: TUI Sells Coventry Airport

Sat Jan 07, 2006 12:31 am

This move doesn't surprise me very much, a total vertical intregration works well in boom times, but in slower times you are stuck with a whole lot of infrastructure you have to maintain and operate.
Homer: Facts are meaningless. You could use facts to prove anything that's even remotely true!
 
jmc757
Posts: 1205
Joined: Thu Mar 09, 2000 3:36 am

RE: TUI Sells Coventry Airport

Sat Jan 07, 2006 12:51 am

Quoting TriStar500 (Reply 3):
This move doesn't surprise me very much, a total vertical intregration works well in boom times, but in slower times you are stuck with a whole lot of infrastructure you have to maintain and operate

Very true. I don't think TUI ever planned to have the airport for long, in fact I don't think they ever planned owning it at all! They were in a bad situation, with only weeks before services started the owners at the time (Air Atlantique) still had not managed to put much of the needed infrastructure in place and had not followed proper planning regulations which upset the council. Air Atlantique were in over their head - not cut out for the job, and TUI had little choice. Still think they made a tidy sum though, not a bad investment at all!
 
Orion737
Posts: 3044
Joined: Sat Jan 08, 2005 10:14 pm

RE: TUI Sells Coventry Airport

Sat Jan 07, 2006 1:26 am

Whoever ends up owning it, lets hope we can expect some improvement of the facilities. Tui have been woefully inadequate at providing their ThomsonFly customers with proper terminal facilities. I have seen better allotment sheds!

Perhaps also, Coventry and ThomsonFly LCC operations have not been quite the success Tui hoped for.
 
jmc757
Posts: 1205
Joined: Thu Mar 09, 2000 3:36 am

RE: TUI Sells Coventry Airport

Sat Jan 07, 2006 3:44 am

Quoting Orion737 (Reply 5):
Whoever ends up owning it, lets hope we can expect some improvement of the facilities. Tui have been woefully inadequate at providing their ThomsonFly customers with proper terminal facilities. I have seen better allotment sheds!

Perhaps also, Coventry and ThomsonFly LCC operations have not been quite the success Tui hoped for.

Do you ever stop?

1) TUI have not been "woefully inadequate". Its called planning permission, and a very anal County Council. See you cant just throw up a passenger terminal. You need permission. And Warwick District Council have not been very co-operative with this. The airport had to fight to get what they've got now, the council made life has hard as possible for CVT. They tried to stop modifications to the runway, the car parks, as well was trying to stop them using the temporary terminal. Eventually TUI managed to start operations, and plans were submitted for the new terminal, and many studies submitted at the council's request. Then the planning permission was refused.

It will now be subject to a public enquiry, which starts next week. The worse thing is that, after being so difficult from the offset, Warwick District Council have now said they will NOT continue to oppose the airport plans (after wasting months, and thousands of tax payers money doing just that). The main opposer of the plans now is BHX, whoes case isn't that strong being financially motivated. CVT will win the inquiry, and finally plans can start rolling.

TUI have put a lot of work into CVT; having to fight the council at every stage, and against the odds have done very well considering what they had to work with. They essentially bought an airfield, and have sold an operational airport.

2) The services have been very succesful, some more than others but that is to be expected and overall TUI are happy. Don't read anything into TUI selling up. They never intended to own CVT for long, well, they never intended owning it at all. they were backed into a corner and had no choice but to take control. Airport management was never their intention.

I assume you have flown from CVT to be able to make such comments? I haven't, bit know a fair few who have, and all have been very impressed. Ok, its cosy, but the service has been very good and the airport is a breeze to use. I picked someone up the other week, I timed 7 minutes from aircraft landing to him being in my car - and he had checked baggage! Passengers like the personal service and its convinience.

Quoting Humberside (Reply 1):
Perhaps passenger routes may start with airlines other than those owned by TUI. CVT could do with some domestic flights

Apparently the new airport owners are already in talks with a number of airlines regarding new services once a terminal is built. Article: Airlines 'waiting in wings' at airport

Interesting times!



[Edited 2006-01-06 20:10:43]
 
jmc757
Posts: 1205
Joined: Thu Mar 09, 2000 3:36 am

RE: TUI Sells Coventry Airport

Sun Jan 08, 2006 5:36 am

I was rather hoping Orion737 would reply, but perhaps he doesn't like well structured factual discussions? Repetitive whingeing more your style Orion?!
 
Cosmic
Posts: 331
Joined: Thu Nov 24, 2005 8:35 am

RE: TUI Sells Coventry Airport

Sun Jan 08, 2006 6:22 am

Quoting Jmc757 (Reply 7):
I was rather hoping Orion737 would reply, but perhaps he doesn't like well structured factual discussions? Repetitive whingeing more your style Orion?!

I'm afraid to say, you'll be lucky.

Orion made a comment in my Trip Report:

Quoting Orion737:
Im afraid ThomsonFly is but a shadow of its former self, Britannia. Its service in every way is less than provided by BY with their Royal and then 360 service.

The meals (how much do they charge you now?) have been dumbed down. Gone are the more sophisticated dishes and instead they are going back to basics with sausage and mash, cottage pie etc. Cheaper meals yet charged for meals!!!!!!

I get angry and emotional when I see a ThomsonFly. The Britannia name and brand and all it stood for, has been thrown out the window as if it were rubbish. BY was a much loved and respected holiday airline and ThomsonFly cannot even hold a candle to Britannia.

I gave him a response in detail like you have done above:

Quoting AIHTOURS(Cosmic):
That is your personal opinion Orion.

It is worth mentioning that the Royal service was around for only 3 or 4 years. It was dropped because the people at Britannia Airways thought they were trying to be something they weren't, and it looked like they were copying scheduled carriers.

The 360 branding was very effective, it was awarded a Certificate of Excellence in the European Design Annual Awards in 1999.

That said, Certain passengers did not like the introduction of the 360 service, they thought the British feel of the Airline was being lost.

Sausage and mash was a new 360 service meal introduced by Britannia when the 360 service was introduced, and this was part of many changes in Catering at the time, including offering roast beef on Sunday Inbound flights.

The levels of service have stayed as good as they always have been. The meals costed £10 each, and my Dad who paid for them even told me last night that they are "well worth the money".

It was a shame to see the Britannia name go completely all the same.
Still, time rolls on...

... And, no reply.

Anyway, on subject, I think this is good news for the Airport. Hopefully the plans the Airport's owners have will help the Airport get better and better and improve more and more. When I visited CVT early 2005, granted it was a small Airport, but it also looked like an efficient operation and a nice Airport to use.

-Cosmic
 
gilesdavies
Posts: 2274
Joined: Tue Dec 02, 2003 7:51 pm

RE: TUI Sells Coventry Airport

Sun Jan 08, 2006 7:31 am

Quoting Orion737 (Reply 5):
Whoever ends up owning it, lets hope we can expect some improvement of the facilities. Tui have been woefully inadequate at providing their ThomsonFly customers with proper terminal facilities. I have seen better allotment sheds!

Perhaps also, Coventry and ThomsonFly LCC operations have not been quite the success Tui hoped for.

Get in the real world!

Just because you may be use to travelling through airports with marble floors and glass fronted buildings, Coventry is how a Low Cost Airline/Airport should be.

It is exactly like Stockholm Skavsta and Gothenberg City (Save) Airports in Sweden that are basic but comfortable airports but provde all the basic needs for a Low Cost Carrier and their passengers to use.

Going back two years ago TUI would barely buy an airport and spend millions on new terminal for the airline they launched to possibly failed and created facilities that were sensible at the time and react to growth as and when it s required very similar to airports like Luton.