Author Topic: Funding the new hangar - how?  (Read 6589 times)

0 Members and 1 Guest are viewing this topic.

Offline dee

  • Global Moderator
  • Expert User
  • *****
  • Posts: 4484
  • Gender: Female
    • View Profile
Re: Funding the new hangar - how?
« Reply #15 on: October 13, 2017, 08:22:37 AM »
Surely the money they have aquired thro the latest Names under the wing scheme will go towards the new Hangar??!!! ::) ::)
That huge triangle against the sky like some monstrous angel trailing dark clouds of glory

Offline Hedge

  • Club Member
  • Serious User
  • *****
  • Posts: 419
    • View Profile
Re: Funding the new hangar - how?
« Reply #16 on: October 13, 2017, 09:24:59 PM »
Surely the money they have aquired thro the latest Names under the wing scheme will go towards the new Hangar??!!! ::) ::)


Offline ADI

  • Club Member
  • Regular User
  • *****
  • Posts: 234
  • Gender: Male
    • View Profile
Re: Funding the new hangar - how?
« Reply #17 on: October 13, 2017, 11:03:13 PM »
 ::) :))

Offline sickbag_andy

  • Club Member
  • Expert User
  • *****
  • Posts: 3164
  • Gender: Male
    • View Profile
    • http://www.superguppy.co.uk
Re: Funding the new hangar - how?
« Reply #18 on: October 14, 2017, 07:38:52 AM »
Surely the money they have aquired thro the latest Names under the wing scheme will go towards the new Hangar??!!! ::) ::)

Wouldn't have thought so unless its for planning or lease costs. If the hangar is to be leased from an investor the would be no point in contributing to the construction costs
« Last Edit: December 22, 2017, 07:50:32 AM by sickbag_andy »
confacimus volatemum

the proud owner of the only Martin Withers signed sickbag of 558 flight vintage IN THE WORLD!

Offline dee

  • Global Moderator
  • Expert User
  • *****
  • Posts: 4484
  • Gender: Female
    • View Profile
Re: Funding the new hangar - how?
« Reply #19 on: October 14, 2017, 09:00:38 AM »
Surely the money they have aquired thro the latest Names under the wing scheme will go towards the new Hangar??!!! ::) ::)


:P :P :P :P
That huge triangle against the sky like some monstrous angel trailing dark clouds of glory

Offline jakspeed

  • Club Member
  • Expert User
  • *****
  • Posts: 1386
  • Gender: Female
    • View Profile
Re: Funding the new hangar - how?
« Reply #20 on: October 18, 2017, 01:16:07 PM »
Surely the money they have aquired thro the latest Names under the wing scheme will go towards the new Hangar??!!! ::) ::)

Today’s the big ‘Online Unveiling’ of the names (whatever that means!!!)

Maybe tonight’s Newsletter will explain in detail where the money is going to? New hanger??? Fat Cats wages??? Flying pigs???

After they’ve taken off the cost of the sticky back ‘plaque-stick’ that is..............!!! >:D

Offline dee

  • Global Moderator
  • Expert User
  • *****
  • Posts: 4484
  • Gender: Female
    • View Profile
Re: Funding the new hangar - how?
« Reply #21 on: October 18, 2017, 02:36:25 PM »
Its a secret society we will never get answers!!! >:D
That huge triangle against the sky like some monstrous angel trailing dark clouds of glory

Offline minty4371

  • Club Member
  • Serious User
  • *****
  • Posts: 824
  • Gender: Male
    • View Profile
Re: Funding the new hangar - how?
« Reply #22 on: December 21, 2017, 08:30:06 PM »
Flickr site: http://www.flickr.com/photos/16521384@N07/sets/
XH558 Club Member from 1st April 2008 to 1st April 2016;
XM655 Club Member from February 2011 to February 2016;
Member of 82045 Steam Locomotive Trust
Real Name is Robert Bester

Offline sickbag_andy

  • Club Member
  • Expert User
  • *****
  • Posts: 3164
  • Gender: Male
    • View Profile
    • http://www.superguppy.co.uk
Re: Funding the new hangar - how?
« Reply #23 on: December 22, 2017, 08:17:49 AM »
Permission has been GRANTED today for the hangar.
http://planning.doncaster.gov.uk/online-applications/applicationDetails.do?activeTab=summary&keyVal=OW61G9FXJRD00

I think that was to be expected so does it change the situation much?

Will a site with planning permission be any more attractive to a prospective investor?  - possibly but also possibly a predatory one who foresees the Trust not having the funds for lease costs before very long and thus gains a complete hangar in a fairly short space of time.

and Richard Clarke in that statement quoted by Minty on October 12th said(re-quoting):
"Vulcan to the Sky Trust spokesman Richard Clarke said the scheme would not be able to move forwards until an investor was in place, and the trust was currently actively looking for that investor.

The trust is also currently raising funds from the public towards the costs.

He said: "We would like to think when planning permission comes forward we could move forward as soon as possible. That is the aspiration and we wanted to start the ball rolling by putting the planning application in..

"We would like to be looking at starting next year, but it is difficult to put a date on it.."


so nothing happens before
1: they find an investor, - that's apparently not proving easy so no movement on that front for now?

2:currently raising funds from the public towards costs - expect a massive campaign soon - 'we need your money NOW or 558 will be stuck outside for years' and an unstated aim 'more importantly we have salaries to pay'

3: planning permission is now granted so a bit like Brexit the clock is ticking. Planning approvals normally have a time limit before commencement of 5 years so maybe it would actually have been better to wait until they have an investor rather than watching the clock tick down and after 5 years with no investor the money spent on the application will be wasted.
They could of course turn the first sod (which sod would you prefer?) and claim it's started. Just imagine the PR opportunity there, great fanfare and sell tickets to come and watch that sod turning at £200 a time while the breeze wafts across the sewage works bringing that sweet smell of success with it while 558 coughs her guts up in the background! And afterwards leave it until the money materialises and the 'cum volare porcos' aerobatic team perform that inaugural display over the new hangar!

4: an aspiration but for 2018 to be realistic they should have had an investor on board by now, the planning (project planning that is), detailed design and contracts between trust and investor have to be finalised and then find a suitable contractor to build it, and I don't think this guy would be suitable: https://www.youtube.com/watch?v=O4X_bdJox8w
so apart from having permission to build they really aren't that much further forward.

5: i.e.  the unstated 5: in the meantime they need to find an even more generous investor for ETNA and raise their own funds for that so how is that progressing, if at all?

I'm afraid I just can't be optomistic re 558 being under permanent fixed cover by January 1st 2019 and it's all a great shame, a case of not cutting one's coat according to one's cloth unfortunately.
So sad and may I suggest naive as well.
confacimus volatemum

the proud owner of the only Martin Withers signed sickbag of 558 flight vintage IN THE WORLD!

Offline dee

  • Global Moderator
  • Expert User
  • *****
  • Posts: 4484
  • Gender: Female
    • View Profile
Re: Funding the new hangar - how?
« Reply #24 on: December 22, 2017, 10:01:06 AM »
All very well put Andy.
That huge triangle against the sky like some monstrous angel trailing dark clouds of glory

Offline minty4371

  • Club Member
  • Serious User
  • *****
  • Posts: 824
  • Gender: Male
    • View Profile
Re: Funding the new hangar - how?
« Reply #25 on: December 22, 2017, 02:21:55 PM »
Thank you Andy.
Will wait for the newsletter tonight for possible further news.
Flickr site: http://www.flickr.com/photos/16521384@N07/sets/
XH558 Club Member from 1st April 2008 to 1st April 2016;
XM655 Club Member from February 2011 to February 2016;
Member of 82045 Steam Locomotive Trust
Real Name is Robert Bester

Offline minty4371

  • Club Member
  • Serious User
  • *****
  • Posts: 824
  • Gender: Male
    • View Profile
Re: Funding the new hangar - how?
« Reply #26 on: December 22, 2017, 05:32:38 PM »
This from today's newsletter.
"Now that planning permission has been secured, exciting but challenging developments are ahead as we raise the financial backing for the hangar development, but as ever, with the support of an enthusiastic volunteer and supporter base, we remain most positive. We are presently planning 2018 and beyond in the expectation of a very bright future for aviation heritage and engineering inspiration."
https://mxm.mxmfb.com/rsps/m/eGhtN-5W9XiCq03l86TFx8vqABj-DIm8QstU6jBSQIU
Flickr site: http://www.flickr.com/photos/16521384@N07/sets/
XH558 Club Member from 1st April 2008 to 1st April 2016;
XM655 Club Member from February 2011 to February 2016;
Member of 82045 Steam Locomotive Trust
Real Name is Robert Bester

Offline minty4371

  • Club Member
  • Serious User
  • *****
  • Posts: 824
  • Gender: Male
    • View Profile
Flickr site: http://www.flickr.com/photos/16521384@N07/sets/
XH558 Club Member from 1st April 2008 to 1st April 2016;
XM655 Club Member from February 2011 to February 2016;
Member of 82045 Steam Locomotive Trust
Real Name is Robert Bester