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Old 24th Dec 2011, 14:57
  #1604 (permalink)  
Sir George Cayley
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Take the wider picture on the state of the UK's airports. There is EDI, STN and Manston up for sale. Rumours abound about 2 more and then there was Plymouth which closed this week, Woodford and Filton too.

There is only so much money with investors and clearly the return on capital employed will drive decision making.

THere some sites which even given away are money pits and others that scrape along.

Given that Ferovial fought tooth and nail to hang onto the two airports they have to sell, there must be healthy returns to be had.

This will put a premium on them so can you see heavy hitters even noticing Middleton St George? And if either an underfunded or over geared bidder came along would they pass due diligence?

I know this is all doom and gloom and little comfort that there'll be others, but this is the reality that a severe recession bordering on a Depression brings.

SGC