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Old 4th Sep 2021, 20:25
  #792 (permalink)  
LTNman
 
Join Date: Jul 2002
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avidspotter. Your comments would have been true say 5 years ago but they have been dipping their toes into things that put the very existence of LLAL at serous risk. The directors should have stepped in and stopped it. Some would argue that they were negligent in not protecting the company from financial risk when it was meant to be a zero risk company employing no staff.

The airport operator LLAOL was always meant to be the money source for capital project so what has happened? LLAL has run up debts of £283m for the Dart while LLAOL hasn't spent a penny. This doesn't stop LLAOL hinting that they are running the show despite no involvement. The Dart will be run by LLAL so exposing the company and the Council to further risks. Total LLAL debts now exceed £600m and rising while LLAOL says thank you very much as the LLAL bulldozers grade the land for LLAOL for free.
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