Still greater than Luton which is now down to just 11 years.
The Luton lease means the airport operator has to pay a per passenger fee to a limited company the council set up. With Southend I don’t think Stobart has this arrangement so pays nothing apart from a possible lease fee.
With Luton, the short lease, which was only 30 years, has been sold on so I would have though this is an asset Stobart could sell. A bit like slots at Heathrow. I of course stand to be corrected by the locals here.