A very interesting development, if true (I haven't seen it officially announced anywhere yet).
It would certainly go a long way to reverse the
PR problems the airport currently faces. It also shows that TUI is serious about this project.
For the biggest travel and leisure group in the world (airlines, travel agents, hotels & shipping), a small plot of real estate in Warwickshire is pocket change.
Whether they can turn a profit from it and compete with other LOCOs in the area remains to be seen though.