Originally Posted by
turnipgreen
I assume this means the new owners will get the keys now and the airport can start developing?
Don't forget that the best part of those GBP 750M is debt. The new owners are likely to require LCY to make substantial cash pronto. I'd be surprised if revenue-enhancing and cost-cutting measures were not to be introduced in a very near future. And I'm afraid LCY will go down the BAA route, changing its focus from "customers first (and we wouldn't mind making some profit, mind you)" to "profits first so we can service our debt (there are no other airports nearby, so why bother with customers)".
