There was me thinking the reason for the sale was to bring in a commercial partner to help raise capital for re development.
I have records showing the airport making money 20 odd years ago. Do you have evidence to say it was losing money 15 years ago?
Sorry, my mistake - yes, it was because the LA's didn't have the money for the required investment.
Peel certainly don't have a good record for developing airports but they certainly have a good record for building on them eg Sheffield.
Funny how Sheffield always gets mentioned but Liverpool doesn't - plenty of building taken place at Speke, fair to say the area has been transformed and the airport isn't doing so bad either.