Thanks for your interpretations. Some of the ‘Save DSA’ groups on social media have decided to gloss over the less than positive connotations within and instead see it as another step towards reopening.
The mayor Rod Jones has been suggesting that the SAU report was merely a box ticking exercise whilst going through the motions in the process of reopening. However, judging by comments on various news articles it seems the public feel a bit misled, some have incorrectly interpreted the news as no operators being interested. This is untrue, they do apparently have an interested operator, but as we have discussed previously on here, the operator they have supposedly chosen will have no financial risk and will purely acting as SME on behalf of the FlyDoncaster SPV which, I understand, is registered as a private company but is to be wholly subsidised by the public sector.
Where the language has been misleading, at least up til now and until an announcement is made to the contrary, there has been an implication that they have a preferred ‘operator and investor’. But it would appear that the investor is indeed themselves. The SAU findings clearly can’t understand how the business case has concluded that the airport will reach financial viability within a short space of time and why they’ve used a base model passenger throughput that is higher than the peak value of any year during the previous 17 years of operation. They plan on deferring any repayments to the ‘loan’ for ten years, why? Is it a loan or is it a grant?
Certainly, they claim that the airport will take 20% of the passenger volume at LBA and 16% of MAN! LBA as an entirely private sector business would have grounds for legal challenged I suspect, not sure on the case of MAG, they probably aren’t too bothered either way.