Originally Posted by
LTNman
Buster has hit the nail on the head and is asking a question that everyone is ignoring. LLAL is already borrowing £225m for the DART. A DART extension plus basically a new airport linked to the existing runway will cost at least a £1bn. This is not a large PLC borrowing the money and taking a risk but a local council in the expectation that they will fill the new terminal. If the project fails they will leave the people of Luton with a bankrupt council.
I do not pretend to know how company finance works but LBC have assets last audited on 31st March 2018 and declared as being £1.341 Billion. Further more I do not see LBC taking a gamble (as implied) but simply investing in Lutons future. If LLAO built six extra remote stands overnight then those stands would be in regular use in a very short time.