All good points. However, not every airport had the potential to provide the return on investment they were looking for to get them into multiple rounds of funding with this business model.
If you read the bios in the article, one of the investment banker guys got his start in Mergers and Acquisitions in the 80s, so it's the kind of approach they would take since it's what they knew and also what the people fronting them the money would be able to relate to. If he had gotten a start in consulting work instead, it would have been a different approach and a different story.
If you read the bios in the article, one of the investment banker guys got his start in Mergers and Acquisitions in the 80s, so it's the kind of approach they would take since it's what they knew and also what the people fronting them the money would be able to relate to. If he had gotten a start in consulting work instead, it would have been a different approach and a different story.