Originally Posted by
Expressflight
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.
A quick footnote to the lease question. Original was granted in 1994 for 125 years. It now has 99 years to run. The lease does not revert to the freeholder upon Stobart's demise otherwise it would be worthless security.
Agree with you on the rest, time will tell.