Letter: Voice of the North - Full Disclosure Demanded On All the Issues Involving Newcastle Airport

Summary

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IN accounts released by Companies House, it has been revealed that for the year ending December 31, 2007, Newcastle International Airport's revenue was pounds 55,702m, an increase of pounds 3.326m over last year. They made a profit of pounds 2.08m as against a loss last year of pounds 15,126m.

This is after providing pounds 900,000 for exceptional legal and other costs in connection with a court action against John Parkin, a former executive director and the late Lars Friis, a former finance director, for the recovery of bonus payments of pounds 6.297m.

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Extract

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Letter: Voice of the North - Full Disclosure Demanded On All the Issues Involving Newcastle Airport

This action has now been settled out of court, but the terms remain secret alt...

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