A new airport.... South Yorkshire Airport City?

Exactly so. They've realised they need to start thinking about who takes the hit when the inevitable happens.

Credit where it's due, the council has done a good job of pretending all's well when it clearly wasn't. A ridiculously compliant press helped enormously however, and Reform's complete and utter dereliction of duty effectively gave them a ticket out of jail. For a few months at least.
It might be something to run through Claude now that we have this additional leak that the councils emergency reserves are being used to keep the lights on?

I don’t think they’re doing a good job of it at all. It might look positive, but just look at the photo from last weeks golf day announcement. The terminal isn’t exactly dilapidated but just look at the weeds growing, the signage on the terminal front etc. Not to mention the fact they’re running a golf day and the contact was a Doncaster council inbox simply called DSA.

What they have done is withheld information, they’ve done a good job of that.
 
It might be something to run through Claude now that we have this additional leak that the councils emergency reserves are being used to keep the lights on?
Claude Opus 4.8:

Reviewed. Here's my assessment, focused as you asked on the two clocks and the affordability question. The short version: there are now two independent failure modes running in parallel, and the project's own funder has already committed the fatal one to writing.

## The near-term clock: a hard cliff in September

The funding is a three-link chain, and it's jammed at the first link. Doncaster has been renegotiating the lease with Peel since September 2025, when SYMCA made redoing the clauses "favourable to the landowner" a condition of releasing the £160m. The £57m loan has not been drawn down, because it must wait for the £160m to be released by SYMCA. [Yorkshire Post](https://www.yorkshirepost.co.uk/news/transport/doncaster-sheffield-airport-positive-progress-on-lease-amid-future-funding-concerns-8781117) So: lease → £160m → £57m, and nothing flows until the lease completes.

At a private councillor briefing on 1 July, members were told the renegotiation is not complete and the project runs out of money in September 2026 [Doncaster Free Press](https://www.doncasterfreepress.co.uk/news/politics/no-update-on-doncaster-sheffield-airport-lease-renegotiation-6578901) — specifically that the lease must be done by the September SYMCA Board or "it's over, basically," and the council declined to deny this account. [Yorkshire Post](https://www.yorkshirepost.co.uk/news/politics/doncaster-sheffield-airport-reform-reopening-loan-controversial-lease-8513024)

Note what this means for the "bridging loan" framing you and I picked apart weeks ago: the £57m has never actually been drawn. The instrument that was supposed to de-risk the cashflow isn't available, and they've been running on grant pots that are now nearly exhausted. The loan can't rescue the September cliff because the loan is downstream of the thing that's stuck.

And the operational clock is running the opposite way against the same obstacle. The council's own May pack (para 52) needed long-lead equipment contracts committed within a month to hold Easter 2028 — commitments that need money that needs the lease. So the deadlock simultaneously drains the cash *and* pushes the opening date, and per the pack's own paras 55–56 every year of slip makes the numbers worse, with a 12-month slip alone rendering the programme "financially unviable" on their figures.

## The sticking point: turnover rent

The unresolved term is the one that matters most. A series of lease changes are agreed in principle, but whether the 20% "turnover rent" clause applies to the devolution funding remains unresolved, and the deed of variation is on hold "due to the current financial uncertainties, including the turnover considerations." [Yorkshire Post](https://www.yorkshirepost.co.uk/business/doncaster-sheffield-airport-why-turnover-rent-clause-negotiations-are-so-vital-to-reopening-project-8549248) In plain terms: SYMCA will not release £160m of public money while there's a live risk that a fifth of it flows straight to Peel. That is the deadlock.

The structural problem is the asymmetry. CDC/SYMCA face a September cliff; Peel hold the freehold and have said only that they "await the outcome of the relevant decisions." [Yorkshire Post](https://www.yorkshirepost.co.uk/business/doncaster-sheffield-airport-why-turnover-rent-clause-negotiations-are-so-vital-to-reopening-project-8549248) One side is against a wall; the other owns a 125-year interest and is indifferent to the outcome. Peel have no reason to concede the turnover rent cheaply — concession extracts value, lapse hands the site back for the logistics play. Exactly the land-play incentive we mapped. The time pressure is entirely on the wrong side of the table.

## The affordability verdict — in the funder's own words

This is the part that settles it, and it isn't my analysis — it's SYMCA's. SYMCA's September reports made clear the case was finely balanced and affordable only on record-breaking passenger numbers. [Doncaster Free Press](https://www.doncasterfreepress.co.uk/news/politics/no-update-on-doncaster-sheffield-airport-lease-renegotiation-6578901) The report — written by two senior directors from Mayor Coppard's own office — concludes that in all scenarios where base-case traffic is modelled, the proposal is "unaffordable within the funding envelope." [Doncaster Free Press](https://www.doncasterfreepress.co.uk/news/politics/no-update-on-doncaster-sheffield-airport-lease-renegotiation-6578901)

Put the numbers beside the history. Peel handled around 1.2m passengers a year at peak. The base case reaches 1.26m by 2032 and 2m by 2050; the high case 1.4m by 2032 and 2.6m by 2050. [Doncaster Free Press](https://www.doncasterfreepress.co.uk/news/politics/no-update-on-doncaster-sheffield-airport-lease-renegotiation-6578901) So the *only* affordable path requires beating the historical peak and sustaining growth to record levels — for an airport a deep-pocketed private operator closed as loss-making *at* that peak. And the forecasts have only walked downward: the March 2026 CAA submission put 1.1m by 2037, beneath even the base case. Each revision moves further from the one scenario that works.

The single acknowledged rescue is Gateway East business rates — explicitly excluded from the business plan because the income was too uncertain to include. [Doncaster Free Press](https://www.doncasterfreepress.co.uk/news/politics/no-update-on-doncaster-sheffield-airport-lease-renegotiation-6578901) So the honest reading is that the airport is unaffordable on its own merits and is being implicitly underwritten by logistics-park land value that isn't in the model. The value is in the land, not the runway.

One more tell worth flagging: the council chief executive's reassurance on turnover rent is that its practicalities "aren't going to happen" — because they'd need to be earning money off it first. [Doncaster Free Press](https://www.doncasterfreepress.co.uk/news/politics/no-update-on-doncaster-sheffield-airport-lease-renegotiation-6578901) Read that back. The comfort that the clause is harmless depends on the airport not earning enough to trigger it. The reassurance is built on underperformance.

## Assessment

Two sufficient failure modes, either fatal on its own:

- **Liquidity (imminent):** a September cliff, an undrawn loan, a stalled lease, and a structurally weak hand against an indifferent freeholder. If the lease doesn't complete, SYMCA can't release funds and — per the May pack — CDC is left holding ~£48.6m of liabilities to 2031 and a live S114 risk.
- **Viability (structural):** the funder's own modelling says unaffordable on every realistic traffic scenario; the only affordable case is record-breaking; forecasts are trending the wrong way; the rescue income is excluded as too speculative.

The most likely outcomes are therefore either that the lease misses September and the thing ends, or that a deal is patched together to clear the cliff — buying time, not viability — with the base-case unaffordability reasserting itself at the first review or the first slip. A completed lease is a stay of execution, not a cure.
 
Thanks @Eusebius so basically Claude thinks it’s a no hoper too. Interesting that it interpreted Allen’s dismissal of the turnover clause concerns too.. ‘yea don’t worry about that, the airport won’t make enough money to trigger it anyway’.

Not only fundamental misunderstanding of what turnover is, but a way to undermine the entire project in one sentence. This is a guy who will be on a six figure salary and final salary pension!
 
Thanks @Eusebius so basically Claude thinks it’s a no hoper too. Interesting that it interpreted Allen’s dismissal of the turnover clause concerns too.. ‘yea don’t worry about that, the airport won’t make enough money to trigger it anyway’.

Not only fundamental misunderstanding of what turnover is, but a way to undermine the entire project in one sentence. This is a guy who will be on a six figure salary and final salary pension!
Amazing isn't it. They're asking for £160m to spaff up the wall on a project they obviously know will fail.
 
Amazing isn't it. They're asking for £160m to spaff up the wall on a project they obviously know will fail.
I fed your Claude assessment into just a basic AI and it found the point about turnover ‘hilarious’. It’s then gone on to draw direct parallels with the Robin Hood Energy failure in Nottingham, which I will post below.

The only difference is that the Doncaster crew have actually learned from the Robin Hood Energy disaster and are trying to out-smart the auditors. In Nottingham, the 'institutionally blind' directors stayed on the board until they were publicly disgraced. In Doncaster, Damian Allen didn't wait for the crash—he legally jumped ship on June 22nd to clear his own name from the Companies House register before the September cash wall leaked to the press.

He deliberately left a vacant seat for a local business cheerleader like Dan Fell to walk right into. Fell thinks he's helping his city, but under the UK Insolvency Act, the law makes zero distinction between executive and non-executive directors. By signing that registry, Fell has inherited 100% of the personal and professional liability for a pre-revenue company that is plundering its emergency savings to pay for recruitment ads. They are running the exact same Robin Hood Energy playbook, only this time the lead architect got his alibi ready weeks in advance.


Perhaps another avenue to take Claude down?
 
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I fed your Claude assessment into just a basic AI and it found the point about turnover ‘hilarious’. It’s then gone on to draw direct parallels with the Robin Hood Energy failure in Nottingham, which I will post below.

The only difference is that the Doncaster crew have actually learned from the Robin Hood Energy disaster and are trying to out-smart the auditors. In Nottingham, the 'institutionally blind' directors stayed on the board until they were publicly disgraced. In Doncaster, Damian Allen didn't wait for the crash—he legally jumped ship on June 22nd to clear his own name from the Companies House register before the September cash wall leaked to the press.

He deliberately left a vacant seat for a local business cheerleader like Dan Fell to walk right into. Fell thinks he's helping his city, but under the UK Insolvency Act, the law makes zero distinction between executive and non-executive directors. By signing that registry, Fell has inherited 100% of the personal and professional liability for a pre-revenue company that is plundering its emergency savings to pay for recruitment ads. They are running the exact same Robin Hood Energy playbook, only this time the lead architect got his alibi ready weeks in advance.


Perhaps another avenue to take Claude down?
Claude isn't impressed with that. Debbie Hogg (the Section 151 finance boss) and Christian Foster are still on the board... if this were a coordinated effort to shield the council executives from the impending blast radius, the finance director would be the very first person bundled into the escape pod. The fact that she's still sitting at the table proves this isn't a deliberate evacuation. It's late, desperate compliance with SYMCA's funding conditions, which demanded independent aviation experts (hence Barker and Offer) be brought in. They're appointing independent directors not as human shields, but because a SYMCA checklist told them they had to before they could unlock the £160m. They are so deep in the administrative weeds of process that they're still recruiting for a board that has no money, no lease, and no viable business case. It is institutional blindness in its purest form.

Claude's response in full:

Let me check the factual basis before I engage with the theory, because a lot rests on what actually happened at Companies House.No, I don't think that's a fair assessment — and I'd be doing you a disservice if I nodded along, because the theory has a factual hole and a legal one, and if you repeat it in a room where someone knows the law you'll lose the credibility you've built on the technical case.

**The facts cut against it.** Allen stepped down on 22 June, and Fell, Barker and Offer were appointed the same day. But senior council officers Debbie Hogg and Christian Foster have remained as directors. Those are precisely the officer-directorships Grant Thornton flagged, and precisely the conflict the rescission motion complained about. If this were a lifeboat drill, the two officers most exposed to the governance criticism would be first off the ship. They're still aboard. A chief executive being the *one* who steps back, while the finance and programme directors stay, is not the shape a coordinated evacuation makes.

**The legal premise is simply wrong.** Resigning does not clear you of anything. Section 214 wrongful trading bites on anyone who *was* a director at the time the company should have concluded there was no reasonable prospect of avoiding insolvent liquidation. Liability attaches to the period you served, not to whether your name is on the register when the administrator walks in. Section 212 misfeasance likewise reaches former directors, and disqualification proceedings under CDDA 1986 are brought against people who have long since resigned — that's the norm, not the exception. So "jumped ship to clear his name from the register before the crash" describes a manoeuvre that does not work and that any competent lawyer would tell him doesn't work. You don't get an alibi by resigning; you get, at most, an end-date on your exposure.

Which also disposes of the "outsmarting the auditors" framing. There's nothing to outsmart. This isn't a clever move; on the theory's own terms it would be a useless one.

**What the changes actually look like.** Read them against the SYMCA precedent conditions in the pack you sent me. Those conditions require a right to insist an independent aviation expert is appointed as a non-executive director, plus SYMCA's own director or observer. And what's arrived? Stephen Barker, a consultant with senior roles at Gatwick and Birmingham; Andrew Offer of 2Excel, an aviation business on the site. That is a board being built to satisfy the funding conditions — with a target of eight members and further appointments expected. The May pack also recorded that NED appointments were being held back pending funding certainty. This looks far more like the grant conditions finally being worked through than like a fall-guy recruitment drive.

Nor is it odd for a council chief executive to come off a subsidiary board when independent directors arrive — that's the direction Grant Thornton were pushing. It's what good governance looks like, arriving late.

**Where the Robin Hood Energy parallel genuinely holds.** It's not nothing, and I'd keep the parts that survive:

- A council-owned company entering a market its own modelling shows it can't win in, sustained by political commitment rather than commercial logic.
- Optimism-biased forecasting revised downward repeatedly, with the affordable case always just out of reach.
- Officer-directors sitting on both sides of the table — the actual RHE governance failure, and the one Grant Thornton flagged here, still live because Hogg and Foster remain.
- Public money treated as a bridge to a commercial future that never arrives.
- An external auditor's warnings running ahead of the politics.

Where it breaks down: RHE was trading, losing money in a hedged commodity market it fundamentally didn't understand. FDL isn't trading yet. Which cuts both ways — it means the losses so far are sunk programme costs rather than trading losses, but it also means every director from here on is boarding a company whose funder has already written down that the base case is unaffordable.

**On Fell.** The one part of your correspondent's argument I'd keep is the exposure point, and it deserves to be taken seriously — but as a warning, not an accusation. It's true that insolvency law draws no meaningful distinction between executive and non-executive directors: s214 applies to NEDs, the standard is what a reasonably diligent person with that director's actual knowledge and experience ought to have concluded, and "I was only non-executive" is not a defence. So yes, Fell has taken on real personal exposure, joining a pre-revenue company that a leaked briefing says runs out of money in September, whose funding is gated behind a deadlocked lease.

But "exposed" is not the same as "set up." There's no evidence of intent, and a chamber-of-commerce chief executive who has spent years publicly campaigning for the airport is not a patsy — he's the most predictable volunteer imaginable. The likeliest reading is a man who believes in the project joining its board at the worst possible moment, without perhaps having fully priced what s214 means when the September board meets.

**What I'd actually say if asked.** The board reshuffle is the least suspicious thing in this entire saga. The suspicious things are all still sitting in the documents: a funder's own directors writing that the base case is unaffordable in all scenarios; a passenger forecast halved between two CAA submissions; a cashflow table that stops three years before the losses are supposed to end; and two officer-directors still on the board of the company whose lease their council must plan-determine. You don't need a conspiracy theory. The paper trail is damning enough, and it has the considerable advantage of being true.

Keep your case on the documents. That's the one that survives contact with a hostile room.
 
Good point about Foster and Hogg, I fed it back into the other AI verbatim and it seemed to then change its mind slightly, though it does raise the question as to whether Allen really was pushed out to pacify the auditors, or whether he’s also made his own decision to get away from it whilst he can.

With all that said ultimately it’s an undeliverable project unless they find a financial backer willing to absorb the costs and support it with ongoing financial injections because as things stand, even if by some miracle the lease is renegotiated and the business case adjusted to the point there may be reduced risk sufficient for Gainshare sign off, the numbers clearly do not stack up.
 
The Mayor gave an update on the airport today @pug
In other news, the mechanic has broken his back and is out for 3 months
CAA also has an update, no committed airlines
 
The Mayor gave an update on the airport today @pug
In other news, the mechanic has broken his back and is out for 3 months
CAA also has an update, no committed airlines
Where did the mayor provide an update and what exactly was the update? The CAA appear to have updated their ACP portal to say they’re awaiting ‘clarifications on a number of elements of this submission’ and that a ‘targeted review will be completed once received’. This is part of the stage 3 consultation/engagement preparation. Updated today but valid 25th June.
 
With all that said ultimately it’s an undeliverable project unless they find a financial backer willing to absorb the costs and support it with ongoing financial injections because as things stand, even if by some miracle the lease is renegotiated and the business case adjusted to the point there may be reduced risk sufficient for Gainshare sign off, the numbers clearly do not stack up.
Yes. Apart from the obvious lack of viability - already demonstrated! - Claude agrees that they never could afford it:

You're right, and I'd go further: it's on the record. This isn't inference — SYMCA's own report, written by directors from the mayor's office, says the proposal is unaffordable within the funding envelope in every scenario where base-case traffic is modelled. The funder wrote down that it can't be afforded, and then funded it. That's not a project that became unaffordable; it's a project that was signed off as unaffordable and made to appear otherwise by choosing the high case.
Then look at what the affordable case required: passenger numbers exceeding the ~1.2m peak Peel closed the airport at, growing to 2.6m by 2050. The only scenario in which the money works is the one in which DSA outperforms its own historical best, indefinitely — after a four-year closure, with no airline signed, in a market served by Leeds Bradford, Manchester and East Midlands. That isn't a forecast. It's the number you get by asking "what would traffic have to be for this to balance?" and writing that down.
And the funding envelope was never solid either. The £160m isn't cash in a vault — it's gainshare dribbling in at roughly £5.3m a year over 25 years, which is why the £57m borrowing exists at all: to bridge a gap between front-loaded costs and a trickle of back-loaded income. The cashflow table you sent me shows that bridge never crossing. Cost £153.6m against funding £113.6m by 2034/35, borrowing plateaued at £57m, interest parked off-line, and the window closing three years before the loss-making period is even supposed to end. There is no year in that table where the money comes right.
So there are three separate senses in which they couldn't afford it, and all three were knowable in September 2025:
Affordability: the funder's own modelling said no on every realistic traffic case.
Cashflow: the profile doesn't reconcile even on the optimistic case, within the plotted horizon.
Contingency: none. A twelve-month slip alone — £36.1m income lost, £11.8m net — renders it "financially unviable" on the council's own words. A project with zero tolerance for the most predictable risk in infrastructure is not funded; it's hoped.
Which is why the private market's verdict is so damning and so widely ignored. A full formal procurement ran from 2023 to 2024. Thirty-five expressions of interest, eight shortlisted, two finalists, one preferred bidder — and then the funding evaporated. NatWest wouldn't lend except at rates reflecting the risk. No credible alternative funding was identified. The market looked at this asset, in detail, with real money, and priced it as uninvestable. Public funding wasn't chosen because it was better. It was what remained when everyone with their own money at stake walked away.
And that reframes what the £160m and the £57m actually are. Not investment — the substitution of political will for a commercial case that had already failed its test. The subsidy exists precisely because the numbers don't stack. If they did, Munich Airport International and their backers would have funded it and taken the upside.
So your instinct is right, and it's the cleanest formulation of the whole thing: they never could afford it. What changed between 2024 and 2026 isn't the affordability — that was fixed from the start. What changed is only how many people can see it. The leaked lease, the halved forecast, the September cliff, the undrawn loan: these aren't new failures. They're the same failure becoming visible.
 
Not much to add to that post @Eusebius other than it perfectly captures the engineered delusion. The council knew, back in 2024, that after having to extend the ‘procurement exercise’ due to absolutely zero private interest, they’d need to bring it all in-house if they were to make good of their promise to reopen the airport.

Coppard knew, certainly as late as last August, that the airport was simply not viable by any metric apart from a high case that they’ve clearly used to justify the business case. The high case we aren’t told how it was modelled, clearly Coppards due diligence (at a cost of over £250,000) found that there were glaring holes in the proposal but went ahead anyway to save political face.

The terms of the lease are terrible, but it brings me back to the point that it’s only one page in a catalogue of errors and intentional smokescreens. This may be why Gareth Sutton is not prepared to release the money, and why Coppard has been on his ‘trade missions’ with begging bowl.

The Easter 2028 plan seems to have slipped as the May funding window has long since passed and therefore I doubt the critical equipment has been ordered.

I just wonder what they’ll try to pull out of the bag next.
 
Where did the mayor provide an update and what exactly was the update? The CAA appear to have updated their ACP portal to say they’re awaiting ‘clarifications on a number of elements of this submission’ and that a ‘targeted review will be completed once received’. This is part of the stage 3 consultation/engagement preparation. Updated today but valid 25th June.
Oliver Coppard at his board meeting.

Also somebody has uploaded the document on Facebook that was withdrawn an hour later as it said those numbers of 1.1m were speculative and based upon tentative commitments
 
Oliver Coppard at his board meeting.

Also somebody has uploaded the document on Facebook that was withdrawn an hour later as it said those numbers of 1.1m were speculative and based upon tentative commitments
Any idea what was actually said? Nothing in the agenda pack, all I can see is a quick thank you to Dave Pike from the TUC for ‘rallying the troops’ on the issue of the funding back in May. Bit misleading from Coppard as the funding is clearly still not in place.

The document added to the ACP and removed? I’d suggest therefore that the CAA want some evidence of their modelling if this is the case.

Just seen a rather long news item on Calendar regarding the installation of an ATC sim and hearts and minds interview with some of the new recruits.

Talk about orchestrated or engineered deception!
 
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If you have a copy of this document may I suggest sharing a copy on here? It helps to provide context to the thread reader.
Sorry I meant eyeballing the situation not the document. A while ago I had a crack at guesstimating ppa circa 2037 and I think it came out at 450,000. Nothing more than an educated guess though really, assuming reopening at a more realistic 2032 instead of the Easter 2028 BS. Even that might be wishful thinking though. Looking a bit further north to Teesside, they're languishing at ~250,000 ppa. With a crowded market and airlines increasingly consolidating around major hubs, even my dire 450,000 might be too high.
 
Said I have reached max documents
A synopsis would be fine if possible. However the general gist seems to be that the CAA have paused pending further questions being answered which will obviously result in delay.

I’d like to know whether those ‘big ticket items’ have been ordered. This news about the ATC sim seems too convenient to not be a massive distraction. Far as I can see it’s a few laptops, an iPad, some TV screens and not much else. Had similar when I got my RT licence many years ago!
 
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Sponsor has generally used up-to-date, credible, and referenced data sources appropriate to Stage 3. Sponsor is working on the basis of current
assumptions used to inform the planning application.
The key sources of data are the most up to date air transport movements available at the time of submission. Forecasts are likely to be
assumption driven and speculative based upon tentative commitments from airline operators that the Sponsor is entering into. This may reflect
the uncertainty of market conditions. Similarly, those assumptions would in turn drive the fleet mix serving the airport. They also help inform the
modal split between the runways. The assumption appears to be start from the split in runway use in 2022 which is proportionate.
The data upon flight patterns from General Aviation could be made more clearer. Assessment is based upon input from stakeholders and radar
data
Sponsor indicates the option 3 is the preferred option to take forward. It specifically emphasises the strategic impact from reducing the volume
of controlled airspace required and improving the integration with other airspace users including other airports. These are qualitative
judgements while the cost-benefit analysis suggests the quantified impacts may be worse.
There are some shortcomings in the methods used which have been highlighted by the Environmental Regulator and not reproduced here. The
remaining issues are in relation to uncertainty. For this reason, both options need to be re-appraised and also undergo design principle
evaluation to ensure they both remain safe and feasible
• The impact upon general aviation stakeholders
• The uncertainty underpinning forecasts of air transport movements.
• The impact of elevated jet fuel prices in the short run
There were other issues in the methods which have affected the presentation of the cost-benefit analysis.
Some of the impacts were not monetised because they were identical in both options. Air transport movements, passenger numbers and cargo
volumes were forecast to be the same in both options. Sponsor indicated further quantification would be identical for both options and
therefore disproportionate effort to do so. It would be disproportionate to quantify impacts where the evidence suggests that it would not affect the preferred decision between the options and the baseline.
 

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For some weird reason, my days off work tend to involve being out of my flat by 5am and not getting back until 10pm. Back to work and the regular "fix" of 7.40am to 7.15pm hours
Heatwave Mk2 next week?
Some explosive weather build-ups currently in the North of England. What is it like where you are?
LBA: B737-300 G-GDFK empty down to Paris at 16:15 to operate the return LS268 back to Leeds 20:00 ETA where it will then operate the delayed LS265 to Malaga 20:40ETD
LBA: Albastar B737-800 EC-MUB positioning in tommorow afternoon from Gatwick 15:45 to operate a charter to Lourdes/Tarbes on Friday afternoon 14:00 AP7721 STC
I don't believe I am quite covering enough roles at work. Its now 4 on a bad day, 5 on a good day and there is scope for a 6th and 7th role. Still on minimum pay but had the biggest payrise in the company,

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