Originally Posted by
Manx
Extra, extra "Airport in not making money during Covid pandemic shocker". Overly simplistic everywhere else.
There was meant to be a minimum payment regardless of the passenger count. LLAOL refused to cough up. Their reward is now an extra £45m they get to keep on top of zero payments for at least 2 years. As LRT likes to point out LLAOL are their partners. Seems a somewhat one sided arrangement with also LRT now doing the investing while LLAOL says thank you very much. The whole idea of the franchise was that investing and the risks were meant to be taken by the airport operator and not the airport owner.