MAG, BAA version 2?
If you look at all of the airports in the MAG group, none of them are growing fast. I think this speaks volumes. It's almost like MAG have become the BAA they used to despise!
Perhaps the management teams at the airports are losing passion which is so often the case when managed by a head office that doesn't understand the local requirements.
It is certainly showing through in the lack of independence for each airport under MAG control.
You just need to look at the speed of growth at similar airports oversees and even some back home like Glasgow, Belfast, Bristol, airports which arn't any better or worse per se than MAG airports in terms of catchment areas and local road access.