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Old 4th Nov 2013, 20:26
  #3125 (permalink)  
davidjohnson6
 
Join Date: Sep 2008
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Just a thought but... are the company that owns the land and the company that operates the airport the same company ? Alternatively, is there a way to strong arm clients and suppliers inot novating their existing contracts so as to achieve legal separation of companies ?
I'm wondering (only in theory) what could be achieved with a clever insolvency practitioner. Perhaps wind up the airport operating company, and see who bids for any lease that may exist over the land. The rationale for insolvency being that a company that is perpetually unprofitable and thus cannot pay its bills must stop trading. The result would be ownership of land but aviation activities killed off.

Only a thought and I have no reason whatsoever to believe this would happen.

Any thoughts ?
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