Concerns over how costs of a planned airport expansion were accounted for mean Luton Borough Council’s external auditors could qualify their opinion on four-year-old accounts still yet to be signed...
Covid-19’s continued impact on passenger numbers led to the council company that owns Luton Airport making more than £230m of losses in its most recently published accounts, but the council has...
Disagreement over how to value Luton Borough Council’s subsidiary airport company means the authority’s 2018-19 accounts have not been signed off, and auditors are considering making a statutory...
An operator which runs Luton Airport is set to retain £45m of passenger income that was originally due to be paid to a subsidiary company of Luton Borough Council.
Luton Borough Council has defended its annual capital borrowing limit, which will rise to £1bn over the next four years due to the “devastating impact” of Covid-19.
Luton Borough Council is predicting a further £30m hit in lost dividend income from Luton Airport over the next two years due to Covid-19, on top of a £16m gap this financial year.
Luton Borough Council has approved the borrowing of £60m, which it then intends to lend to its wholly-owned London Luton Airport Ltd as it seeks to offset losses resulting from Covid-19.
