As for Peel - excellent at developing land - but are they any good at running airports? I think that answer is plain to see.
Anybody remember Liverpool before Peel bought it?
Explain to us the financial reasoning behind why they would do that. What is so valuable about the land that means they would be prepared to wait it out for years before they could develop it? Why would they incur all of the costs of investing and running an airport while they were sitting on it ?
Spot on - is there such a desperate shortage of brown field sites around Doncaster that the best way of getting hold of some is to develop an airport and then let it fail?
Sure Peel will want to develop the land around the airport (again look at LPL), but it's worth more with an airport than without it.