Latest Update from RiverOak after Minister’s Visit on 9th April 2015

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RiverOak welcomes news Minister ‘satisfied’ with indeminity offered to Thanet District Council

Stephen DeNardo, Chief Executive of RiverOak Investments said:

“RiverOak warmly welcomes the news that, following the PwC review of our documentation, Minister for State John Hayes has today told Thanet District Council that he is “satisfied by the indemnity offered by RiverOak to protect the council against the costs of the Compulsory Purchase Order.” We are equally delighted to hear of the one-year deal struck with Bristow which paves the way for the Search and Rescue helicopters to return to Manston once the airport reopens.

“RiverOak remains absolutely committed to reviving Manston as an operational airport, home to a wide range of operators including Search and Rescue services – as well as a thriving and profitable air cargo, aircraft recycling and reliever airport operation, for the long term benefit of not only East Kent, but users of the whole of the London airports system too.”