Very sad, I lived in Wellesbourne when we first moved up from Hampshire, I got my pilots licence from the South Warwickshire Flying School under Rodney Galiffe in the early 90s. He brought the flying school up to the level were they were training the future RAF pilots.
There are a number of thriving flying clubs who will be very worried as will the below ground level museum, the Vulcan trust and the popular cafe.
The axe has been poused over the airfield's head since at least the 80's.
Let us hope that things settle down again.