LLAOL is 51% owned by the worlds largest airport operator, which in turn is majority owned by the Spanish government.
https://portal.aena.es/en/corporate/...y-profile.html
The other 49% is owned by Amp Capital, which is a multinational Australian investment company. I can’t say LLAOL deserve any U.K. government money. If they are struggling with the concession then they can sell the remaining years of the concession to the highest bidder and then walk away.
Lets not forget that LLAOL built the terminal extension on the cheap, which still ended up 40% over budget and was finished a year late. To this day they never put a ceiling in apart from a small section that Princess Ann stood under when she was a guest of the airport.