Air show weekend unlikely to return to Great Yarmouth next year
- Credit: Nick Butcher
This summer's Great Yarmouth Air Show is believed to have made a loss of around £500,000 as it was revealed organisers plan to scrap the two day format for next year.
The weekend air show was held on June 16 and 17 and was organised by the Greater Yarmouth Tourism and Business Improvement Area, (GYTABIA), with businesses paying a levy to fund the show.
It has been reported GYTABIA's accounts show the inaugural event made a loss of £582,000 and income from park and ride systems was £100,000 down on what was predicted.
It is said that next year's overall GYTABIA budget will have a £60,000 shortfall.
David Marsh, air show secretary, declined to comment to the paper but told Radio Norfolk: 'The event was a success but not as many people used the park and ride system as we had planned for so we were £200,000 odd short.
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'We can afford to pay the bills, everyone is getting paid. We're moving on to how can we do something better and maybe one big event in June, which is a difficult time of year, isn't the way forward and we'll try and do something better.'
His comments came as the air show organisers revealed that for 2019 they are considering a series of flying displays over the course of next summer instead of repeating the weekend format.
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An example of future events could be a one off display of the Red Arrows, which it is said cost £30,000 to book for this summer's event.
The decision not to repeat the format comes amid preparations for a crucial vote on the future of the organising body.
The Business Improvement District's initial five years runs out in 2019 and next year it will be asking businesses to back its renewal with a vote in the summer.
The air show received mixed reactions from traders who have claimed stalls came from outside of the town and took business away from them.
Scott Rumsby, who works at The Landmark pub on Marine Parade, said: 'We had lots of stock left over as people weren't really bothered about eating. It seems as though the event was built up to be a lot bigger than it actually was.'
Some businesses such as The Barking Smack pub, also on Marine Parade, saw the event have a really positive impact on trade. Owner of the pub, Antonis Christophi, said: 'The pub was packed, the air show was really good for business. I definitely hope it comes back next year.'
A senior source in aviation has claimed the deadline for booking planes such as the Red Arrows for shows next year is today.
An estimated 180,000 people were entertained in June by a number of top-flight planes at the show including the Red Arrows. The Great War Team and the Battle of Britain Memorial Flight.