LLAL or London Luton Airport Ltd is the airport owner and is in turn owned by the Council. The Council gifted the airport to LLAL in 1998.
The Council also handed over the towns Wigmore Valley Park, which is one of the towns biggest parks in a secret move to provide land for a second terminal without telling the locals. At the moment this park is licensed to the airport.
LLAOL or London Luton Airport Operations Ltd is the Concessionaire. LLAOL is majority owned by Aena, who are the worlds largest airport operator and are Spanish and AMP Capital, which is an Australian investment company that owns 49% of LLAOL. They paid £350m just 2 years ago for a stake in Luton that will have to be handed over after 13 years. Seems like a bum deal to me.
AMP Capital own Leeds Bradford Airport and has a stake in Newcastle Airport.
More details here about them buying into Luton and the reasons why.
https://uk.reuters.com/article/us-lu...-idUKKBN1HV142