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Old 4th Feb 2019, 11:47
  #2283 (permalink)  
LTNman
 
Join Date: Jul 2002
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The views of 2 members of the board who have now resigned had no influence on whether the airport will expand or not. This is down to the controlling party in the council, which is Labour, who are not gifted when it comes to intelligence or financial management.

Expansion will have to be paid for so who is going to pay for it? As with the DART, the airport operator with only 12 years left on their franchise has said no, so will it be down to the council to risk borrowing maybe £1bn with no certainty they will get their money back? Council borrowings due to LLAL need for money are already at £300m but with no shareholders to bail them out and with the airport dividend to the council already set to be diverted to pay the interest payments on the existing loans the council needs to provide some answers.
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