Out of interest, how recent was the £650m valuation?
Stansted was sold for £1.5bn in 2013 at 18m pax per annum. Probably explains why LBC are so desperate to hold onto it for now. Ride out the COVID storm and sell it just in time for the next election cycle?
(Although remains to be seen what the long term covid impact will be and if the airport can reach 18m pax again within the few years)