14 OCTOBER 2013
BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.
The Business Travel News
PO Box 758
Edgware HA8 4QF
+44 (0)20 8952 8383
© 2020 Business Travel News Ltd.
Glasgow’s Prestwick Airport, which has been unsuccessfully on the market since March 2012, is to be taken into public ownership by the Scottish National Party (SNP) led Scottish Government.
Deputy First Minister, Nicola Sturgeon, has announced that “despite those efforts (by current proprietor New Zealand-based Infratil) and interest from potential investors, the process has now reached a point where it’s clear that no private buyer will be able to take the purchase forward in an acceptable timescale to the current owner”.
Due diligence is being undertaken and a business plan developed “that will allow Prestwick to thrive once again”. Infratil will continue to operate the airport in the meantime.
Brian Donohoe, Chairman of the All Party Parliamentary Group on Aviation, is the local MP.
“Prestwick Airport with its established businesses, long runway and excellent weather record for diversions, is a tremendous asset to our region. I welcome the commitment of the Scottish Government to secure its future and the vital employment and economic activity that it generates. But a change of ownership alone is not enough; increasing revenue will require a specific focus and marketing across the entire aviation / aerospace sector to increase both operational and commercial income in the future”.
He emphasised a required link to London with Northolt sharply in focus. www.glasgowprestwick.com
All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum
No one has commented yet, why don't you start the ball rolling?