1) minimal capital investment - true but what does that really mean? Doesn't it mean that if someone were to put in some capital investment things might look up? Many organisations buy into businesses despite there having been minimal investment in the past. It's about potential and PIK still has potential in various areas including maintenance.
2) with a railway station built from papier mache - Bit of an exaggeration as the railway station is solid enough - just needs a major makeover and made watertight!
3) with the cargo terminal built in the place they were told was the worst possible place - Easy enough to knock it down and rebuild elsewhere on the airfield. The development plan has highlighted this.
4) with cargo revenue plummeting - It seems to have been 'plummeting' for ages now in the minds of some but it will pick back up again. The next set of quarterly figures will give an indication of whether the plummeting has levelled out.
5) Ryanair having them by the balls....At least the airport still has balls.
A new operator might bring some fresh ideas but I don't expect anyone to take the plunge until the BAA sell off fiasco has been concluded. PIK will be here for a long time to come.