Ex-Newcastle Airport Chief Executive Giving Evidence At High Court

By Andy Hughes Location: Newcastle Airport
John Parkin in his new role as Leeds Bradford Airport chief executive

John Parkin in his new role as Leeds Bradford Airport chief executive

Newcastle Airport's controversial former chief executive John Parkin is giving evidence at the High Court in London in the multi-million pound legal case surrounding his departure from the job.

Mr Parkin is a witness in the £5m case Newcastle Airport has brought against law firm Eversheds.

It concerns a deal that saw Mr Parkin and former airport finance director Lars Friis receive £8.5m between them for arranging the airport's £377m mortgage with the Royal Bank of Scotland in 2006.

Newcastle Airport is arguing that the law firm was in breach of its duty when it accepted the huge bonuses for the directors. It is a claim that Eversheds vigorously denies.

This is the first time Parkin will have spoken on the deal since leaving the airport. He signed a non-disclosure agreement when he left his post.

The case continues. 

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