Cat 3
I assume that you're referring to a Cat 3 ILS, the additional improvements required to lighting and infrastructure would entail vast expense which simply couldn't be justified given current and projected income over the next year or so.
Back to reality;
If the new owners are existing airport operators with cash to invest (an extremely rare beast at the moment) and they have the marketing and management team to match, there's a good chance that by 2010, HUY may make a go of it.
If they're not (ie Eastern or the like), the place will continue to do what it does now, probably not less and almost certainly not more. There's every likelyhood it will tick along but not provide any serious competition and over time investment in the infrastructure will be the absolute minimum with the ineviatable consequences.
Either way, DSA has a vastly better infrastructure and better equipped management and marketing team in place, they will always be a couple of steps ahead and once the we come out of the economic downturn, I can see DSA providing real competition to both HUY and LBA.
The new owners of HUY should concentrate on having a top to bottom review every single aspect of the airport, whether it moves or is nailed to the floor. Once they've done that, they'll know who and what to dispense with and who or what is going to part of the future.