Lowestoft: Air show hopes end as assets are sold off
- Credit: James Bass
Any lingering hopes that the organisers of the Lowestoft air show might resurrect the event have been dashed.
Paul Bayfield, managing director of the Lowestoft Seafront Air Festival, confirmed that the not-for-profit company behind the show was now winding up the organisation and in the process of selling off its few remaining assets.
It means that unless another group or person steps in to set up a new air show, the hugely-popular seafront displays by the Red Arrows and other aircraft are set to become a fading memory.
Mr Bayfield said: “It’s really hard for my fellow directors and I to accept, but in reality it is not going to be possible for our company to stage an air show in the town again.
After weighing up all the pros and cons of keeping our assets in storage in the slim hope that there would be an upturn in our finances, we’ve had to accept that inevitably we need to start the winding up process.”
He added: “The company first has to dispose of all the items it owned, including event equipment and unsold air show merchandise. Then we can discuss the dispersal of any remaining funds to appropriate local charities.”
?Air festival merchandise will be sold along with collectable Lowestoft air show memorabilia at a table top sale at Colville House in School Road, Oulton Broad, next Saturday, March 22 from 10am to 1pm. All proceeds will go to Colville House.