Originally Posted by
NCLBDA
ATC shortages exist due to not paying market rate.
Airports make huge EBITDA profits to ultimately feed their shareholders and capital providers. Passengers then suffer both by paying the price and having a shocking service.
The councils that part-own NCL airport have been asleep at the wheel and hence ended up with that bonus debacle and current efforts to sell the airport base to generate further PE returns.
Asleep gorging on the alleged "huge EBITDA profits[sic]" they are being fed on? As it happens, the airport hasn't paid a dividend in at least 5 years.
Not sure what you mean by "generate further PE returns"? But there are advanced talks to sell Infrabridge's minority stake. As far as I know, the councils are planning to keep the 51% they currently have.
As far as passengers suffering, as an occasional user, I think Newcastle is one of the better small airports in the UK or anywhere. And having a deep-pocketed new investor stepping in will likely mean that it gets even better.