Yes there is that but, you have, biggin in the South East, Farnbrough in the West, you need someting in north London.
North Weald could take a lot of pressure away from Luton, Stansted. and is better placed than for London than, Cambridge, Fairoaks, Blackbush and Southend.
It has its own turning off the M11. Already had a 2000 meter runway in place Masive empty hangers.
All i am saying is its a good idea, and i think you will agree there are already a few options west of London so i dont think they need another Private aircraft airport.
Somewhere like North Weald would be ideal, given that ECC are looking at selling / developing it.
I would have thought it could have been an Ideal Base for LEA's Aircraft, and some of the smaller / start up companys to base their jets.
I also understand it has fuel and fire in place. as well as a working tower.