Just scanned the article Smiler had posted the link for.
Someone has got their head up their arse if they think that The Red Arrows could co-exist on a commercial airfield. They fly upwards of 5 sorties per day during the season work up and even if the display practices were held over another airfield, the circuit access requirements for the Reds is incompatible with the scheduled commercial operation.
If anyone doubts that, just recall how impossible it has been to get 558 to have taxi runs, as promised to everyone when the decision to drop her on her last legs a few years ago. Not wishing to open any wounds here, but was the memory of a preventable double engine destruction on the active runway a contributory factor on this one?
Smoke and mirrors, or what we used to call in the IT sales sector, Vapourware