Wiggins is a property group turned airport operator.

They currently own land at and or will operate 8 airports(planestations).

These are

Manston in Kent
Lahr in Germany
Parchim in Germany
Cuneo in Italy
Odense in Denmark
Smyrna in the US
Pilsen in the Czech Republic
Ajman airport

The main initial focus is on cargo operation manston is currently the 7th biggest airport in terms of cargo weight in England. cuneo is the only Airport that currently has scheduled services from 3 febuary there will be 3 flights a day to Rome and 1 flight a day to Strasbourg in the summer there will be charter flights.

As well as the airports Manston still has a valuable non airport related land bank which it plans on selling/developping and using the money generated to invest in the planestations.

Something that is good is the fact that WGG has not followed the market down today.

Interesting point used against Manston is it's proximity to Cliffe should the proposed airport be developed. The premise is that it Manston and Cliffe are so close that Manston would have to cease operations. I am not aware that the same has been said of Southend which is around 20 kilometres from Cliffe whilst Manston is around 50 kilometres. Can anyone confirm this?

Socrates
Yes, what you are saying is true in a sense, Southend as well as many of the smaller airports / airstrips were said to be affected if the Cliffe option was to go ahead due to air traffic control constraints.

Interesting point reiterated in the Kent on Sunday (freesheet) yesterday was that in the vicinity of the proposed Cliffe airport lies a sunken ship with approx 1600 tonnes of high explosives on board. It is deemed too dangerous to consider moving it, therefore it has been left alone since it ran aground / sank in 1944. (it lies on a sand bank)
Hope this is of interest.

Regards,- Doogie

PROMISES PROMISES, been following this one for 3 years and debt gets bigger promises get put back. This year is last chance.

also smells bad when management refuse to meet up with city investors or journos willing to write a fair story. Several suggestions re tie-ups with low cost airlines promised last Autumn. got some interest in the stock, but yet again the company has so far failed to announce any news. And has anyone actually BEEN to Manston? The reality will hit investors hard.

pollyf,

No rns announcments might have been made, but the first passenger flights are to start from cuneo airport on Monday. 3 times daily rome and once daily to strasbourg. coupled with an extensive summer charter service. Further more at Manston Wiggins has applied for planning permission to build a hangar for Mk airlines. This has been approved(subject to wiggins filing a green travel plan) and should be the first of many building works at Manston. On the adjacent businees park cumming has applied for planning permission to build a test cell. imho expect some announcments soon.

hmmmm....and you don't work for the company?!

pollyf
All of the information provided by serko1 is in the public domain and is available to see, if you know where to find it. I've seen most of it for myself and can verify the accuracy of it.

Been a while since i visited the WGG thread on ADVFN, though I would have a look as I bought some today. Dont the guys on there ever get tired with the drivel that gets posted.

Jeff
Yes they do, but they feel the need to counter the MAG anti-Manston propaganda. To MAG, WGG looks an easy target because it appears vulnerable but I think that they will disappear when WGG is accepted as being more stable.

The new directors will help, but more so will earnings from the continental airports as they start to produce revenue. Even one airport producing good income would make a heck of a difference to WGG's balance sheet. Mind you, a nice contract at Manston would be very welcome.

Where has that serko1 got to, I thought he would have posted the news about Aurigny Air and it's license for charters to Jersey from Manston for the summer season by now. Slipping there serko1!

socrates
whereabouts did you find info on jersey/manston any link

biffa18
No sooner said than done:

http://www.caa.co.uk/docs/213/1579.pdf

cheers Socrates

biffa
Socs knows you know. He is a big wig in the Aerospace industry.

Indeed. He stretches the rubber bands.

:-)

hilary and jeff
You are too kind. Big in the aircraft industry! Overweight yes. And we don't use rubber bands anymore, at least, only to hold the planes together.

He's that big in the aircraft industry, that they make him sit in the middle of the plane.

8 ball
At the centre of gravity actually, not necessarily the middle!

Can't see much upside until they get their act together and get some planning consents for houses and factories.