Something has clearly changed since the grand announcement of expansion at LTN a few months back. The phase one plan should have been finalised, published and sent for planning permission weeks ago yet there is nothing to be seen.
The concession has been running for several years now but as each year passes the potential return on new investment decreases as the remaining years tick by. No company is going to spend vast amounts of new money on new infrastructure only to see it potentially handed over to another company before a return on the investment has been made.
Lets not forget that the runway resurfacing work has cost around £17 million so money is being spent at Luton although in this case the operating company had no choice but to spend the money.