Some interesting quotes in the attached article:
Peel’s strategic planning director Peter Nears said: “My vision is to have a viable sustainable future. I think it can be done, but at the moment there is not enough critical mass of dependable revenue and we are being hit with extra costs. Getting another link to London is very important"
"Aviation-related businesses have expressed interest in the past about coming onto the site if roads and infrastructure are in place and we are going to approach them again to see there is still interest."
Six North East local authorities still own a small stake of the Teesside airport. When Peel took over, their holding dropped from 25% to just 11% and in this month councillors, officials and local mayors are meeting Nears for a full up-date on his plans
First time I've seen this confirmed
Taking Durham Tees Valley Airport beyond these turbulent times - Business News - News - nebusiness.co.uk