Valley
Flower has hit the nail on the head - this is a politically motivated route with short odds on surviving after the three year PSO support runs out.
However the £1.5m already spent is on developing the civilian facilities at Valley which is much more likely to turn out to be money well spent if it translates into attracting commercially viable routes - London (probably Stanstead) and Dublin are pretty good contenders.
I for one have no problem with public money being used on infrastructure projects that have an economic benefit ( I'd certainly like to see a bit splashed around SWales on road and public transport improvements) - we all certainly pay more than enough tax on transport.
What I do object to is the distortion of the market through public subsidy artificially favouring uneconomic activites to the detriment of those trying to run a good business.
MB