Newquay Airport
My spies tell me that Newquay's debts are nearer £1 million, not £500,000. Cornwall County Council has apparently agreed a £350,000 bailout as an interim measure and Restormel Borough Council is apparently being asked to stump up the same. The authorities jointly own the airport.
Ryanair is reportedly paying £1 a passenger and £100 a plane as part of a 10-year deal.
The other local authorities in Cornwall are now being asked to put their hands in their pockets and stump up some cash, the argument being that the airport supports the whole county.
I expect to see the airport groomed for privitasation and sold off in the next 18 months - exactly the same, in fact, as what is being proposed for Exeter.