Shoreham temporary closure

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Member for

16 years 10 months

Posts: 313

I was due to go this morning with a friend to pick up his aircraft from Wycombe Air Park after a 50 hour check, but an adverse weather report led to an early decision to put this off for a day or two.

Fortuitous at it happens, as, following the suspension of its share price earlier on today, we gather that Airport owners Erinaceous Plc have now called in the administrators and as a result further flying services at the Airport have been temporarily suspended:(:( .

Presumably this is to allow time for KPMG or whoever to take over the licence after appropriate negotiations with the CAA, but as they say watch this space......

Wicked Willip :diablo:

Original post

Member for

16 years 10 months

Posts: 313

Thanks, Newforest

Pleased to say my friend got his aircraft back today, being the first arrival and indeed first movement once Shoreham Airport officially reopened for business this afternoon after one and a half days out of action.

Confirmation of the details of the new owners/managers is still awaited along with how the change will affect things in the long term.

Suffice to say that for the moment normal flying activities at least continue as before.

Wicked Willip :diablo:

Member for

16 years 10 months

Posts: 313

Later news.

The Brighton Evening Argus www.theargus.co.uk has now reported the sale of Shoreham Airport to a new company Albermarle Shoreham Airport Ltd. thereby saving all jobs on the site.

A look at the website and the comments made on their report are interesting to say the least.

Albermarle and Erinaceous are both linked to Fairoaks as well and no doubt all will become clearer in the next few days as the story develops.

Trying not to be too.....

Wicked Willip :diablo:

Member for

18 years 11 months

Posts: 1,084

Shoreham's future?

Local commercial radio this morning reported that the new owners are the group who own all the commercial property on the airfield, and that it was back to "business as usual" at Shoreham.

"Its a good thing that it's all now owned by one company" was the general comment expressed.

Hmmm, maybe, maybe not - given the location of the land, I just hope it isn't worth more to the new owner as a large commercial development site than as an airfield. Given their prior experience of the viability and potential profitability of commerical property in that area, I am sure they will want to maximise financial return on their new acquisition, by whatever means is most favourable.

Not sure how much income/profit light aviation (and related activities) at Shoreham brings in per square metre per annum, but I fear that potential income from light industrial/business units might be higher per square metre? There have been rumours of this sort of change of use happening for many years :(

Add in the potential "political spin" aspect of the promise of many more jobs for the local masses, rather than just offering relatively few "specialised" jobs catering to the "minority" of the population involved in the "elite-ist" world of ("non environmentally friendly") private flying, plus the good communications link A27/A23 etc and I fear we may see a (rapid?) expansion of the industrial park taking precedence over expansion (or maintenance) of current flying activities.

Yes the airport does currently have scheduled services, but they are hardly going to set the world on fire with a few round trips to the Channel Islands a week - and other commercial ventures (flights to France via Lydd etc) have never really managed to survive. So few passengers are hardly likely to bring much income to the surrounding area as they travel.

I sincerely hope I'm wrong, but it worries me greatly that a "commerical property" based organisation has taken ownership of a well located "greenfield" site that might easily be argued for treatment as a "brownfield" site for planning purposes :(.

Paul F

Member for

16 years 11 months

Posts: 338

I can't say I know the details but have followed the story on BBC South Today over the past few days. My understanding is that the local politicians (who used to own it) have stated that their view is that an airfield must remain. I remember hearing somewhere that a minimum of 35 years was mentioned. Hopefully that is the case.
Update
Just checked the BBC's last report here http://news.bbc.co.uk/1/hi/england/sussex/7348883.stm
Looking at the previous owners website they were also a property management company. Seems they have been trying to rent out bits of the airfield for some time.
Look at the former Wisley Airfield. Been owned by property companies for years. Last sold a couple of years ago for £22M. Still no sign that the planners will allow anything.
Worth keeping an eye on though.

Member for

16 years 8 months

Posts: 5,927

Can someone tell me something about Albemarle Shoreham Airport Ltd. and its connection, if any, to Erinaceous Plc? What progress has it made toward acquisition of Shoreham? What track record does it have relating to airfield operation (I have noted Willip's reference to a Fairoaks connection)? I'm sure that there must be word on the grapevine by now! Presumably the aerodrome continues to operate under the control of the Administrators for the time being. In this overall context, is there justification for the fears expressed for its future as an airfield?

Member for

16 years 10 months

Posts: 313

avion ancien

Oh what a tangled web they weave:rolleyes: ...

I don't profess to be any kind of an expert on company or insolvency law but as I understand it Erinaceous have sold to Albemarle Ltd. a subsidiary company who previously purchased part of the Fairoaks Airport group of companies.

Another inextricably interlinked company Longmint own Fast Helicopters at Shoreham and bought both Alan Mann Helicopters and Mann Aviation Group (Engineering) at Fairoaks for £1.

There is plenty on the internet if you google Longmint or Albermarle Ltd.

Wicked Willip :diablo: