SWBKCB
Agreed there are exceptions to the rule, but very rarely when it comes to largescale pension funds. The amount of hurdles and due diligence involved is extensive, and lets not forget SOU was up until recently known for being massively tight when it came to investing in it's airside operations. It is pretty daft therefore to suggest that they are now loosening the purse strings on a whim. Clearly that is not how they conduct their business. Light aircraft and general aviation is also clearly not of interest to SOU, in fact if I recall correctly the flight school that was based there was asked to leave and ended up at BOH. I believe planning is valid for 3 years usually, but seeing as the MD is on record as stating that £15m is already set aside for the works, hopefully that means they will get on with it straight away.