In his March Budget Statement the Chancellor of the Exchequer announced that the Government would carry out a study into whether there are viable options for the reopening of Plymouth airport. This study has now commenced and is expected to be published by the end of the year. FlyPlymouth is among the stakeholders that the Department for Transport is consulting with to produce this study.
Among other evidence FlyPlymouth will be submitting its business plans and funding strategy to be considered in the study. These plans are based on new passenger demand and economic impact data produced by York Aviation and have been developed together with some of the UK's most senior aviation experts.
FlyPlymouth's plans envisage the recommissioning of the airport by 2017 and the introduction of a new base airline by 2018. There is clear evidence to show that a profitable airport and airline business can be reintroduced and sustained based on existing demand and airport infrastructure without the support of an operational subsidy from the local authority.
FlyPlymouth has been making a series of detailed business plan presentations to business leaders in the city over the summer where attendees have been invited to freely question the management team. These presentations have been well received and added to confidence that Plymouth Airport has a prosperous future in aviation while improving connectivity, creating some 200 jobs and boosting the City's economy by £15-25 million each year.