Last checked at 25 Feb 2014 07:00
25 February 2014
Sutton Harbour Holdings plc ("the Company")
FORMER AIRPORT SITE NEWS RELEASE
The Company has commissioned two new independent reports to provide further research on the feasibility of running and operating an airport from the former airport site in Derriford, Plymouth. Both reports, from aviation specialists Fjori and Bickerdike Allen Partners, support the Company's submissions that previous or future commercial airport operations to deliver scheduled services for the general public are not viable from the site. The Company is continuing towards achieving planning consent to develop the site for alternative use.
The full news release can be viewed on the Company's website at :
www.suttonharbourholdings.co.uk
Note:
Plymouth City Airport Limited, a 100% owned subsidiary of the Company, holds a legal interest in the 113 acre former airport site.
Plymouth City Airport Limited ceased airport operations on 23 December 2011, and in accordance with its legal obligations, is working with Plymouth City Council (PCC), to achieve best value from alternative use of the site whereupon net proceeds will be split 75:25 in favour of PCC.
For further information, please contact:
Sutton Harbour Holdings plc
Jason Schofield - Chief Executive 01752 204186
Natasha Gadsdon - Finance Director
Arden Partners
Richard Day 020 7614 5917
James Felix
Newgate Threadneedle
Graham Herring 020 7653 9850
Adam Lloyd
Robyn McConnachie