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Old 16th Oct 2012, 18:10
  #1812 (permalink)  
LGS6753
 
Join Date: Jul 2003
Location: Under the flight path
Posts: 2,626
Received 11 Likes on 4 Posts
David,

I think you are quite right, not a great deal of investment is likely to be needed. However, there will be ongoing maintenance and renewal (weren't the air bridges second-hand?) and I've a feeling STN's been getting tattier over the last 3/4 years while the uncertainty over its future was being resolved.

The biggest issue is the purchaser putting up £1,000,000,000 of someone else's money. That has to be paid for (interest + repayments) before dividends can be paid to the owner or profits re-invested in the facilities.
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