"The Leasehold is quite a clever move. While I'm not sure what rent is attached, it does mean that if it fails as Peel seem to expect they then get the land back to develop, and the planners objections will likely be far reduced given another commercial attempt to run the airport"
Yes - basically they're saying we'll lease it to you IF you only want to run an airport but you can't do anything else - like fail and turn it into a business park- 'cos that's our plan
I can't see many takers on that basis