Last year, we informed you of a legal challenge to AENA, one of Luton Airport’s Operating Concessionaires, which resulted in their share income from the airport being frozen: https://stoplae.org/on-the-trial-of-the-foreign-share-holders/
Whilst reviewing our articles, we find that in September 2024, the High Court of Justice in England and Wales, dismissed and lifted the interim measures previously imposed on properties related to London Luton Airport Holdings (LLAH), following an agreement among Aena, its shareholders, NextEra, and the Kingdom of Spain.
Despite this — don’t forget that it is still the case that according to its latest accounts, the Airport Operator made a profit of £82.6m and paid a dividend to ‘all’ its foreign shareholders, as listed in our article.
But that Luton Rising, owned by Luton Bough Council, made a loss of £209.8m and once again paid no dividend to the provision of services within Luton.