UK’s Durham Tees Valley Airport in urgent search for new investor and operator

The UK’s Peel Airports Ltd, a consortium of Peel Holdings and Canada’s Vancouver Airport Services (YVRAS) has decided to sell its majority (75%) shareholding in Durham Tees Valley Airport (DTVA) in northeast England. Passenger traffic has been falling steadily since 2006. An urgent search is under way to identify new owners who are prepared to invest to make the airport – situated in what can best be described as a post-industrial region on an industrial scale – viable. [2513 words]

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This report contains the following subheadings:

• Ex-portfolio
• Cleveland and Teesside feel the pinch
• Peel for Newcastle?
• Lack of a capital link puts ‘The Others’ out on a limb
• Peel Airports in the spotlight
• Loss-making is becoming a habit for airports
• Philanthropists might blanch

This report contains the following charts and tables:

• DTVA capacity (seats): 12-Dec-2011 to 18-Dec-2011
• DTVA top routes: 12-Dec-2011 to 18-Dec-2011