RiverOak responds to Transport Select Committee Report

Standard


RiverOak responds to Transport Select Committee Report

RiverOak investment Corp. welcomes the thorough and detailed report published today by the Transport Select Committee, following its inquiry into Smaller Airports and special session focusing on Manston Airport.

Chief Executive “Stephen DeNardo said: “We particularly welcome the recommendations for a clear and expeditious timetable for the review of the Manston CPO paperwork, by DfT-appointed consultants and hope that the appointment and review process can be expedited swiftly in order to prevent further, unnecessary delays in determining Manston’s future. Our position is clear and unaltered: we will indemnify Thanet District Council against all financial risks associated with the CPO process.

“RiverOak remains absolutely committed to reviving Manston as an operational airport and building a thriving and profitable air cargo, aircraft recycling and reliever airport operation there for the long term benefit of not only East Kent, but users of the whole of the London airports system too.”