Published: 00:01, 12 May 2014 |
Updated: 10:48, 12 May 2014
The American businessman behind a bid to buy Manston Airport says the deal offered to owner Ann Gloag was generous and would have left her with a profit.
With just days to go before the possible closure of the airport, Stephen DeNardo, who heads up the investment company RiverOak, said he had not given up on the buyout plan and was hoping for more talks.
In an exclusive interview with the KM Group, Mr DeNardo also said he would not rule out the possibility of operating passenger flights from Manston but the initial focus would be on establishing it as a key logistics centre.
He also said that given the importance of Manston to the area, he was surprised the bid had not led to any real discussions or negotiations with the owner.
“I have been in many negotiations in my career, so there isn’t much that surprises me.
"What does surprise me is the lack of negotiation and discussion when so many jobs and an important piece of the community’s economy are at stake - especially when our offer, from my understanding, provides a tidy profit to the seller for such a short hold period.”
He had not yet met Ann Gloag personally but was still hopeful a deal could be struck.
“I have personally reached out to Mrs Gloag and am awaiting a response,” he said.
The investment company’s interest in Manston was “significant and sincere.” On the question of whether the offer was credible, he said:
“Considering everything I know and the required carrying costs to give us time to work our business plan, I actually think our offer was generous.
"I think that we have demonstrated a significant and sincere interest. We have even offered a quick close to the transaction if the due diligence materials can be substantiated.”
Manston owner Ann Gloag last week ruled out the offer from RiverOak, which is based in Connecticut, saying it was neither credible or viable.
Stories you might have missed
Don't miss out, subscribe today. Keep up to date with our newsletters.
A guide for your future. For year 11 students in Kent and Medway. Click here for the e-edition.
Education, Training & Childcare is a special supplement published by KM Media Group four times a year. Click here for latest e-edition.
Get the latest food and drink news, recipes from some of the nation's top chefs plus updates from Kent's vineyards and breweries.
Search in your local area to find your perfect partner in Kent, with FreshStart Dating! PLUS, register for free!.
Find out what's going on in the garden, with Kent expert Lucy Hewett's weekly update.
Buy pictures that you've seen in a KM newspaper, or send in a picture and we will place it on our photo sales website so that you can purchase a super, unique gift.