Cash cow
See the "emerging thinking" report has shown that BAA has used ABZ down the years to invest in its empire elsewhere. Quelle surprise?
The report apparently says in the last 20yrs BAA have taken out £187m from ABZ, putting back £69m. Also taken more (proportionately) from pax & airlines from Dyce than anywhere else on the BAA network.
So should people be happy with their lot & what BAA puts into ABZ, or is it proof that perhaps the airport would be better off in the hands of others - or would they do just the same as BAA have been doing?
Do pax numbers & catchment area mean that the airport is unlikely to prosper further in the future, or has in fact the BAA been holding it back, with custom lost to the likes of GLA & EDI?
If BAA is ordered to sell one of the London airports, plus possibly one of the lowland Scottish assets, would ABZ, if remaining in BAA-ownership, see proportionally more investment, or again, would it be syphoned off elsewhere?
Perhaps BAA could decide to sell ABZ as they would not see any worth in keeping it in a greatly revenue-reduced portfolio?
Possibly interesting times ahead...