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Old 29th Jun 2021, 12:55
  #640 (permalink)  
LTNman
 
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It's a scandal, the morally bankrupt Council is lending its airport another £119m despite LLAL having no staff while at the same time it is being balled out by the government to save social services.

Yesterday the full executive met where they drew the curtains, locked the doors and switched off the cameras and microphones and went into yet another secret session, as they are determined to hide the true facts from the people of Luton.

Details about the financial support package were not discussed in public at the meeting and Mr Malcolm said they had "no choice" to hear them in private because of commercial sensitivities.
Complete rubbish, more to do with Council sensitivities.

Airport loans are now in excess of half a billion pounds yet the build up of debt from nothing will not add a single passenger to the airports existing capacity limit. The dividends to the Council have gone for years to come as yet more loans are being taken out to pay the interest on other loans.

Also more money is being lent to the Dart. Bill to date £281m. The cost of the Dart is calculated at £2.34m per second saved over the existing link or £127,727 per metre.
Luton Airport loaned £119m by council as pandemic measure - BBC News

Last edited by LTNman; 29th Jun 2021 at 15:37.
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