If LGW cannot repay the loan.... then it likely means there are not enough passengers going through the airport to need investment in improving facilities
Banks typically categorise defaulters of loans into either "Cannot pay" or "Do not want to pay". There are ample ways to deal with the 2nd category along with plenty of case law - LGW forms a real physical asset against which a land charge can be raised in the event of default, and (unlike some airlines) is not just a confidence trick
Last edited by davidjohnson6; 24th Jan 2021 at 16:47.