“Nobody is to blame” but Gloucestershire Airport is now losing £2.7m a year

Following the collapse of the sale of Gloucestershire Airport the scale and rate of increase of the debt is now clear, as is the consultants’ bill and how little profit the deal would have made.

Dear reader,

Regular readers will see we have rather broken with our usual routine of a Monday edition, an infrequent Thursday story and a Friday edition (we hope you’re enjoying the ride still). Normal service will resume post-Easter.

In the meantime, here’s the latest take on the defunct sale of publicly-owned Gloucestershire Airport. We wish we had better news to say about it (and as a matter of fact we do, just not today).

The tale focuses on some of the numbers that have emerged around the airport and the deal, why the deal might have collapsed, and we repeated a comment from the leader of Gloucester City Council, that “no one is to blame” for where we are with it all. I can sense blook boiling in various quarters already.

Special thanks to Carmelo Garcia from the BBC for the bulk of this one. The Raikes Journal is the only independent news outlet in Gloucestershire allowed to use the BBC local government reporter’s copy. We’ve done some additional reporting too - and left the commen…