There is an article on Durham Tees Valley in the current issue of Airports of the World, makes for interesting reading, the main points of it are how we've had a challenging year - with another one to follow due to a likely BD/TOM pull-out, and GSM only basing one a/c for the winter.
Also, the article states that we have a bigger catchment area in both a one hour and two hour drives, I thought it was just one of them we were bigger in, according to the article, our 2hr catchment is almost double NCLs.
But what I find most interesting of all is, it states the following (referring to Peel taking a stake in the airport):
"The group acquired a 75% majority stake, MME guaranteeing to invest at least £20 million in new facilities over the following five years."
Now to me that sounds like the airport itself will invest the first £20m, with the remaining £36m coming from Peel?