Peel say they have spent £25m on DTV !!
"Spent" as I have said incorporates subsidising losses. The company has spent very little in development projects in respect of improving airport facilities.
One needs to note that where Peel introduce figures then they need to be seen as "on paper" only. This is more than demonstrated that things were not as published when an impairment review resulted in them having to reduce the value of the assets of DTVA by some £17Million. Peels accounting policies have even less credibility when Robin Hood is also considered, where I believe they were forced to write off >£60 Million also in a corresponding impairment review
However one should consider :-
Alternatively, Peel Airports may try to buy back its shares from Vancouver Airport Services, putting it back in full control.
Now why would Peel be interested in such an action????