Not quite. LLAL rather than LLAOL gets a bailout from the council to pay the interest on the money it has borrowed from the council.
It has been reported in the press that the chairman of the board of directors of LLAL who is a councillor is also the finance portfolio holder of the Council so will be asking himself for the money. It was also reported that residents will be paying an airport stealth tax from next year if they want all their bins emptied.