The 2018 SKYLIVE Airshow at Durham Tees Valley Airport has been cancelled.
The Gazette revealed that SKYLIVE 2018 at Durham Tees Valley Airport had been scrapped after only two years and the man whose company organised it, Chris Petty, says he's 'gobsmacked' at the airport's decision and believes he would have continued to grow the air show had he been given the chance.
A statement from Durham Tees Valley Airport blames stricter regulations and rising costs. While it isn't ruling out further shows in the future, next year's (2018) will definitely not take off.
In a statement, the airport said: 'The air show has been organised by an outside company.'
'Air shows held at civilian airports such as DTVA have seen increased regulatory and safety requirements over recent years from the Civilian Aviation Authority (CAA). We are fully supportive of these requirements but they bring with them higher costs to administer the air show which are borne by us, the airport.'
'These costs are in addition to the wider operating costs of the air show to the airport.'
'In both years, the costs incurred by the airport have not been covered and, given the need to deliver our business plan to put the airport on a firmer financial footing and support passenger operations, we have had to inform the air show operator that in line with the terms of our contract, we are not in a position to proceed for next year.'
'We are not ruling out the possibility of holding air shows in the future but we would need to be confident that any proposal would be worthwhile for both the operator and the airport.'
Businessman and entrepreneur Chris Petty (Skylive Events) said he was 'gobsmacked' at the decision, saying the air show was a 'growing event that was getting better each year.'
And he rejected the airport's claims that air regulations and associated costs were to blame, saying they were matters dealt with by Skylive.
He said: 'Our discussions with the airport haven't been about the CAA and safety - they've been about money.'
'We can't challenge the decision - it's their airport at the end of the day. But we wanted to go ahead with it and believe it would have been a success.'
'We believe it would have got bigger and better every year. Events need time to grow but we're being denied the chance.'
'They have let us down, the local community, businesses, charities and the thousands of people who enjoyed the air show.'
Skylive have announced that they have been overwhelmed with support and have had 3 offers of new locations.