I think I read a long time ago that the turning point from loss to profit was 1.25m passengers a year. They still have a long way to go but as Esken has found out you can spend the money freely and get little return. It might be a case of selling the lease for £1 and walking away could be the best option. So who owns the infrastructure that Stobart built? The Council, as the owner of the land, or Esken?
If Esken fails maybe the airport ends up with no debts so can start again with a new debt free lease and with all the infrastructure in place or maybe the infrastructure has value that can be sold for the duration of the existing lease?
Last edited by LTNman; 21st Jun 2023 at 15:41.