they need to start eating in to the debt or the secondary runway will be sold off to service that debt. There’s enough solid and profitable aviation activity at PIK to maintain the airfield and the associated jobs although it remains to be seen whether PAX is sustainable
Agree 100%,
if and only if the Terminal and it's high costs are removed from the equation. Ryanair are bringing nothing profitable to the table? I think that's fair?
The second runway has already been sold once before, PIK had to spend a lot of money to bring it back because they realised it was pretty essential in the frequent winter days when having a main runway at right angles to the prevailing wind wasn't helping. If they keep the terminal and close 03/21, then you're in a viscious circle leading to higher losses as a business model depending on fuel stops, training and ad hoc traffic isn't supported by an airport with a serious crosswind issue.