REFERENCE T Baker (Your Say, September 29), it might help everybody's ideas of what the airport is worth commercially to compare it with Southend.
Over there, Stobart's bought out the previous leaseholder on an airport-only basis with no building development potential involved, as it was still operational, albeit only just.
They now lease it for 120 years from the local council at £1 a year. They paid £21 million three years ago, so whoever wants to buy Plymouth airport needs to match their view of its potential as an airport with a suitable offer to Sutton Harbour Holdings, based solely on airport potential.
Stobart's have subsequently loaned £100 million to invest in Southend airport. They intended to raise the existing 4,000 passengers a year to more than 500,000 and then to expand that figure to more than two million a year by 2020, so I don't know to which part of the overall plans any part of the £100 million has been allocated or spent.
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But it does give a reasonable guide to the level of money that will need to be invested after purchase to make any airport a success.