Originally Posted by
Grumpy1
Onion, for context, his latest tale was that "Esken's exit was because they we imploding into financial oblivion" so "it was agreed to part ways so that the Airport wasnt dragged down" and "that to safeguard Teesside it was agreed for Esken to part ways".
Will leave it to you to decide if he has sources only available to him who now contradict the explanation offered at the time as pointed out by the journalist who reminded him that they were contractualy paid £1.5 million by the airport when leaving.
From what I can see a loss of £350m in 3 years is an implosion.
£1.5m is childs play incomparison to losses of that amount.
Don't think there was any explanation at the time as to why they parted company, but a business that is making huge losses and likely not to be around shortly (at the time) is something anybody would want to avoid unless your going to pick the bones of that business. Maybe they took the £1.5m to pay creditors in the short term.
Nobody knows what the contractural obligations were of either side.