Doncaster Sheffield Airport (DSA) is to shut after its proprietor mentioned “no tangible proposals” had been acquired relating to its future possession.
Peel Group mentioned the closure was on account of a “fundamental lack of financial viability”.
On Friday, South Yorkshire’s political leaders provided public cash to maintain DSA working into 2023.
But Peel Group mentioned providers on the airport, which employs 800 employees, would wind down from 31 October.
South Yorkshire’s mayor Oliver Coppard mentioned he was “devastated by today’s announcement” and indignant concerning the affect the closure would have on native communities.
Mr Coppard mentioned there have been lots of of individuals throughout Doncaster and South Yorkshire who would now be “frightened for their future”.
Robert Hough, chairman of Peel Airports, mentioned he recognised information of the closure would come as “a great disappointment to many”.
“The intractable problem remains the fundamental and insufficient lack of current or prospective revenue streams, together with the airport’s high operating costs,” he mentioned.
Mr Coppard had mentioned on Friday the supply was not nearly giving potential buyers a “sensible amount of time to put their proposals together”, however was “also about protecting more than 800 jobs and providing certainty to customers, operators and the airport community”.
Analysis – Spencer Stokes, enterprise correspondent, BBC Yorkshire
This is a darkish day for the newly minted metropolis of Doncaster and the entire of the South Yorkshire area.
One of the most important city conurbations within the nation is left with out an airport.
Owner Peel Group argues that the economics merely do not stack up, and that regardless of repeated efforts there merely will not be sufficient airways concerned about making Doncaster a base. The vital mass of passengers is not there.
This although is a blow not simply to potential passengers, who lose their native airport, but in addition the 800 employees who now face the prospect of being with out employment within the run-up to Christmas.
Peel have referred to the potential worth of the positioning for various employment; many imagine that will likely be warehousing and lightweight trade with the two-mile runway and related airport infrastructure consigned to aviation historical past.
Mr Hough mentioned he was grateful to the airport’s employees who he mentioned had at all times been DSA’s “greatest asset”.
‘Minimise the affect’
He mentioned the fast precedence can be to “continue engaging closely with them over the next few weeks”.
“We will do everything we can to minimise the impact of these proposals and work closely with local authorities and agencies to support our employees through what we know will be an extremely difficult period,” he mentioned.
Peel Group mentioned the supply of public cash to fund DSA’s working losses till 2023 would have supplied free cashflow to maintain losses which could have occurred whereas the Peel Group and South Yorkshire companions collectively explored the long run potential of DSA.
But a spokesperson mentioned, within the absence of any “actual proposals to address the lack of viability of DSA”, Peel’s board had concluded “it cannot responsibly accept public money for this highly uncertain process against the backdrop of an unviable, loss-making operating business”.
Holiday firm Tui mentioned it was “incredibly disappointed” by the choice to shut, including flights would proceed to function till its remaining service on 4 November.
Tui UK & Ireland managing director Andrew Flintham mentioned: “We’ve always supported any proposals to keep the airport open. We’ve worked with Peel Group, the airport’s owners, and government throughout the consultation process to try and prevent this outcome.
“We’re working intently with our prospects and colleagues on the required subsequent steps. Customer communications will likely be despatched to these impacted shortly and we are going to do the whole lot we will to supply appropriate, various roles to colleagues. “
A Department for Transport spokesperson said the decision was “extremely disappointing” for passengers and staff, adding: “We strongly encourage native leaders and Peel Group to work collectively and discover a answer for the positioning which can profit native individuals and the area’s economic system.”