asdf1234
I agree with much of what you say, but you speak almost as if Stobart are the owners of the airport site whereas they hold only a long leasehold tenure. The bank might foreclose on Stobart, although I think you perhaps overstate the likelihood of that, but the lease would revert to Southend Council as freeholder I presume. I'm sure they would explore every avenue to keep the site as an aviation asset for the town in view of its employment value. All in all a little early for that sort of serious speculation I would suggest; let's leave that for 12 months down the line perhaps.
I cannot recall the time left to run on the lease but I think it may still be greater than 125 years.