It’s a tragedy for the town. What is needed is honesty rather than the latest propaganda campaign that Kim Jong-Un would be proud of.
This is why we own our airport in Luton: not only for the support we provide for front-line services, but also for the positive impact we make on individual lives with the help of our amazing charities and voluntary organisations. No other airport in the UK does this. And it’s thanks to your support that we are unique.
#ChangingLivesTogether #OurAirport
They are indeed unique. The only airport that would have bankrupted a Council without government intervention and all because of debt. The only airport that has caused 400 low paid staff including school dinner ladies to be sacked to save money.
If LLAL hadn’t gone on a borrowing spree by borrowing money from the Council then as soon as passenger numbers picked up so would have the dividends to the owners. LLAL are now saying there won’t be another dividend for years.
Let’s remember the airport still handled over 5m passengers in 2020 yet LLAL is on life support with the Council still throwing money it hasn’t got at LLAL.
The airport operator, who is refusing to pay the guaranteed £3m minimum payments claiming Force Majeure, continues to hold talks with
LLAL. Are they manoeuvring to buy a stake in the airport so to clear LLAL debts? From memory the last time the airport was valued it came to around £650m. So who is holding all the cards now? Well it isn’t LLAL that is for sure.