A potential operator of the Bournemouth Air Festival has pulled out of discussions with BCP Council, meaning the event is highly unlikely to return.
In a meeting on Monday night, Councillor Richard Herrett confirmed a un-named American operator had written to the Council saying they would find it challenging to deliver a profitable event to Bournemouth, and regret the decision to pull out after a substantial amount of internal discussion and deliberation.
The main reason for pulling out was the lack of ability to fence off the airshow and make a suitable profit.
Options on the table during the Board meeting were to retest the market, seek further sponsorship, or cease active work to bring the event back.
The BCP Council Overview and Scrutiny Board therefore voted in favour of not pursuing the event for next year.
Cllr Herrett, Portfolio Holder for Destination Leisure and Commercial Operations, reminded everyone that BCP Council has the ability to put on the event, and if someone was willing to give them £400,000, they would happily do so.