BBC News

A council is to loan a further £119m to the airport it owns to help it recover from the coronavirus pandemic.

Labour-run Luton Borough Council agreed on the support package for Luton Airport at a meeting on Monday.

Andy Malcolm, portfolio holder for finance, said if the loans were not agreed the council would have to "sell its most valuable asset".

The total loaned to the airport now stood at £507m, including £124m "in response to the pandemic".

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