When you say 'disband', what do you mean exactly? The local authorities taking direct control of the airport, or selling it altogether?
Sorry, I thought this was a serious discussion.
I would say either of the two options above would be better than the present set up, but would prefer direct public control, by a body wholly owned and accountable to the city or city region, even though I suspect that would not be possible because of the way things are done in the UK. Re mug shots: In the US, the mayor of (or the chief of the department of aviation related to the city) often put their name (and photo) prominently in the airport they are proud to serve.