Page last updated at 13:12 GMT, Wednesday, 26 May 2010 14:12 UK

Plymouth-based Air Southwest to be sold

Air Southwest plane landing
Air Southwest profits fell by 600,000 in 2009

Plymouth-based airline Air Southwest (ASW) is to be sold.

Owner Sutton Harbour Holdings made the decision after the airline's operating profits fell by £600,000 in 2009.

The move has raised concerns about the effect on businesses and Newquay Airport in Cornwall, which relies on ASW for more than half of its flights.

But the managing director of the airport, Al Titterington, said he was confident existing services would continue.

We want to give it an opportunity to blossom in hopefully a safe pair of hands
Nigel Godefroy, ASW managing director

ASW, which was launched in 2003, scrapped its London City route from Plymouth earlier in the month.

But Sutton Harbour Holdings said Plymouth City Airport, which it also owns, would not be sold.

Nigel Godefroy, ASW managing director, said: "We recognise the importance of Air Southwest to Newquay and Plymouth and the far South West.

"We want to give it an opportunity to blossom in hopefully a safe pair of hands that will look at developing services if at all possible."

'Very disappointing'

He declined to say which airlines the firm was talking to about the sale.

ASW accounts for more than half of flights in and out of Newquay Airport, which suffered the loss of Ryanair flights to Stansted in 2009.

Mr Titterington said: "It's being sold as a going concern. It is not going out of business. Flights are not being cancelled.

"Air Southwest services will not disappear, but will be serviced by an alternative carrier."

He added: "Newquay has proven that there is significant demand for flights to and from the region and we are confident that a new owner of Air Southwest will be keen to maintain and grow services to Cornwall."

Tom Gribbin, managing director of West Pharmaceutical Industries, which employs 450 people in St Austell, Cornwall, said: "It's very disappointing for us, we use Newquay Airport a lot.

"It is very important that we are accessible internationally, so this is a very big blow to us."



Print Sponsor


SEE ALSO
Airline scraps London City route
05 May 10 |  England
Devon-Cornwall test plane flown
20 Apr 10 |  Devon
New air link brings tourism hope
08 Apr 09 |  Guernsey

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC iD

Sign in

BBC navigation

Copyright © 2017 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific