I think Peel will spend some of that profit on DTVA if it will generate more profit for them.
Peels approach at LPL shows that airport development and property development are not mutually exclusive, but actually complementary.
Sheffield City shows what happens when the airport side doesn't work (and with the largest A/C type being Fk.50 size - it was always unlikely)
And is there any airport operator in the UK not asking for an APD reduction? (it would be suspicious if they weren't!!!)