Originally Posted by
southside bobby
Racedo has misread the context of the very specific & legal pronouncement & warning by Cornwall Council`s Head of Finance in this instance.
Council have stated that Aiport cannot borrow money on it's own as not viable, which mean zero way of being able to repay anything. Govt offered a loan nothing else. Bottom line is council cannot bail out airport long term if aviation continues as is. There is nobody that will continue supplying services to the airport now unless CCC provide a parental guarantee.