Three investors come forward as potential partners to run Manston airport

By   February 19, 2016

Thanet council says three would-be investors have come forward as potential indemnity partners to run Manston as an airport. The authority said there had been five expressions of interest following what is known as a soft marketing exercise to gauge interest, after it rejected the American consortium RiverOak as a potential partner last year.

In a statement issued on Tuesday, the council said:

“The council recently carried out a soft market testing exercise to seek interest in becoming an indemnity partner for the compulsory acquisition of Manston Airport. A Prior Information Notice (PIN) calling for expressions of interest was published in the Office Journal of the European Union (OJEU) on Friday 15 January. Parties had until Tuesday 9 February to register their interest. A total of five expressions of interest were received by this deadline. The interested parties then had until Friday 12 February to submit responses to a follow-up questionnaire. These questions were posed to operators in the market to establish the extent of their interest, capacity and capability. A total of three valid submissions were received. The findings of this exercise are to be reported to cabinet.”

One campaigner group welcomed the news. SUMA – Supporters of Manston Airport – said:

“As expected, this shows a significant level of interest in the future Manston Airport. After the follow up questionnaire was returned, there are now three valid submissions. The SuMA team welcomes this announcement as great news for the campaign and another step forward.”

For the full article go to Kent Online.

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