A council is to loan ทางเข้า slotxo 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 London Luton Airport Ltd 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".

The Liberal Democrat opposition leader David Franks has claimed the airport has been given "sacred cow status".

The council's Executive Committee agreed to the loan totalling £119m, plus a contingency of £20m, which the authority said took "the total current package of loans available from the council to LLAL [London Luton Airport Ltd] to £507m".

Labour said the funds would be borrowed on behalf of LLAL, of which the council is the sole shareholder, and would be used to "stabilise" the company and fund infrastructure projects such as a new business centre.

The council added that the loan would not have an impact on council services or the level of council tax and LLAL would pay the interest.

The day-to-day running of the airport is carried out by a separate private consortium, which is not a beneficiary of the loan.