According to this article both Skyman and Harold are wrong
Funds will initially be set aside to support the trust, with these increasing as the airport moves into profit in line with its 10-Year Turnaround Plan. The trust will deliver financial support and assistance to charities running projects, schemes and initiatives to improve the lives of people across the region.
https://www.teessideinternational.co...out-referndum/
Be interesting to see the charities accounts and see what's been collected and donated
This is an interesting piece - not sure how this referendum business works?
To safeguard Teesside International Airport for future generations, Tees Valley Mayor Ben Houchen has introduced new protections that will mean the people’s airport can never again be sold off without the express support of local people through a public referendum. In the future, before Teesside Airport could be sold, a referendum would have to be held across Teesside, Darlington and Hartlepool and permission from local people would be required. To provide these protections Mayor Houchen is establishing The Teesside Airport Foundation, a new independent charitable trust that, along with safeguarding the future of the airport, will focus on education, employment, welfare and regeneration across the region. The Foundation will hold the 25% stake in the airport that will be transferred back to the airport, at no cost, from Esken, previously known as Stobart Group.