But what you fail to see is that it is an asset, and currently the debt is £60m+ but the assets are worth £50m+ so the actual equity (difference between the two) is -£10m.
These are readily available figures.
The debt will be structured in the business plan. On top of this like has been mentioned the airport is owned effectively by the taxpayer.
Unlike a pure commercial airport where the loans by the taxpayer are often well down the list (when it comes to calls on assets if it were to go bust) there is a fixed charge at Teesside from the Tees Valley Combined Authority. Again this is information readily available.
Fixed charges basically push you up the list of creditors! So at Teesside Airport, in theory simply put the airport owes itself the debt! So with Teesside you really need to look at equity and not debt..... and before anyone say you never get the equity out when selling off assets through admin, I know, but the doom and gloom and the political point scoring is boring!