They've had BHX as the 4th most expensive airport in the WORLD, and the MOST expensive in Europe, so they must have made a substantial amount of money considering that since T2 (Eurohub) opened there has only been minimal spending on infrastructure. Now the crunch time has come and investment is inevitable (even if it is 15 odd years overdue) they want out, leaving a huge cash injection needed by any potential buyer.
Call100 is correct, the calibre of management at BHX has always seemed very poor, but have they had thier hands tied by the owners? AA were once BHX's flagship carrier, yet when they pulled out nobody seemed to be bothered as there was still CO there
, long haul charter has been in massive decline with only a pathetic gesture by TOM left (for now), other 'full service' carriers have been and gone AZ,OK etc but absolubtly nothing from BHX except one pathetic excuse after another as to why pax numbers were down
What BHX needs is new owners/management with ambition, vision, forsight, enough balls to stand up to the local nimby's and most of all deep pockets, as all those missed opportunities over the last 20 odd years are really holding BHX back, and it will always be playing catch up
