The Elite Ayrshire Business Circle

The Elite Ayrshire Business Circle

Saturday, 22 December 2007

Glasgow Prestwick Airport chief executive
reports record festive season traffic



GLASGOW PRESTWICK AIRPORT chief executive Mark Rodwell (pictured above) reports that the Ayrshire airport will be seeing record passenger numbers over the festive period.

Between Friday 21 December and Wednesday 2 January, around 80,000 passengers will pass through the airport – 40,000 inbound and 40,000 outbound.

The total of 80,000 compares very favourably with the same 10-day period last year, when the airport handled approximately 64,000 passengers – an increase of 25%.

New routes introduced since then include Belfast, Budapest, Kaunas, Katowice and Cork. Poznan will start operating in January.

Most popular routes –

London Stansted – 13,500 in total with 7,000 inbound and 6,500 outbound;

Dublin – 7,500 in total with 4,000 inbound and 3,500 outbound;

Paris – 7,000 in total with 3,500 inbound and 3,500 outbound.

ALL flights are operating at an average of just over 80% capacity.

20,000 passengers (with a 50/50 inbound outbound split) will travel on Irish services to Dublin, Belfast, Shannon, Derry, Donegal and Cork.

THE report of these record passenger figures comes in the same week as Infratil, the company which owns Glasgow Prestwick Airport, has scooped two top business accolades at a prestigious award ceremony in its home country of New Zealand.

Infratil received the Deloitte/Management magazine Company of the Year award for 2007, while their chief executive Lloyd Morrison was named Executive of the Year despite strong competition from fellow captains of industry.

The company is well-known for creating shareholder wealth, with average returns of more than 20% per annum since its first investment in 1994.

Judges described Infratil as “one of the world’s most enlightened, best managed, focused and risk-wise investors in growth infrastructure. It is thoughtfully led, articulates its strategy and corporate objectives, and has performed consistently over time.”

They also recognised the organisation’s growing influence beyond its native shores: “Infratil has stepped beyond New Zealand with investments in Australia and Europe. It understands the importance and relevance of the world’s changing environment.”

Infratil Airports chief executive Steve Fitzgerald commented: “We are very confident that our European airport investment strategy will deliver strong returns in the longer term by exhibiting the characteristics the judges have recognised. 

“There are many opportunities to develop the excellent airports we currently own, and we remain on the lookout for new opportunities.”

The awards - in their 18th year and generally regarded as the most prestigious business awards in New Zealand - were a personal triumph for Lloyd Morrison, who is also chairman of Infratil Airports Europe in addition to his role as chief executive of Infratil.

The judges commented: “Lloyd Morrison is an astute and strategically brilliant chief executive. He questions, probes and challenges conventional wisdom.”

They added: “Morrison is an outstanding executive in tune with the market, economic issues and environmental realities. He is also in sync with the needs and aspirations of his employees.”

Morrison founded Infratil and remains the driving force behind the company, which is managed by Morrison & Co – his own firm which specialises in managing and investing in infrastructure assets.

In addition to Glasgow Prestwick, Infratil owns Kent International Airport, L├╝beck Airport in Germany, two-thirds of Wellington Airport and a number of energy (mainly renewable) operations and public transport services.

www.glasgowprestwick.com

www.infratil.com

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