Blackpool Airport is Licensed (P724) by the CAA and therefore is open to commercial air transport operations requiring the use of said licensed airport.
A few years ago the CAA changed the rules for those airfields licensed purely for flying training and a few took advantage.
It would be possible for some operations to continue at Blackpool if the status changed but cancelling the licence triggers other consequences such as the loss of airspace and some r/t frequencies as the ANSP approval would go too.
If the licence is issued to a part of Balfour Beatty as opposed to Blackpool's local authority it's loss would be hard to regain due to the new licensee having to comply with EASA rules.
If BB fail to sell their share of the airport what they do with it as an asset remains to be seen but will be key to continued GA ops.
The Council have been very quiet on this subject but must have a Plan B for the 15th Oct. What if BB lock all the gates so no-one can get in or out?
As many livelihoods depend on continuing flying activity clear statements of intentions are need now to bring some certainty to the situation.
SGC