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Prestwick Airport back up for sale

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Prestwick Airport back up for sale



Prestwick Airport is being put back on the market.

The move comes two months after an unnamed company pulled out of a deal to buy it.

The Ayrshire airport was taken into public ownership inn 2013 for £1 after it faced being threatened with closure after it suffered heavy losses.

Transport Secretary Michael Matheson MSP said that the aviation industry faced “an incredibly challenging time”.

As he launched he move he said Prestwick still had a role to play in Scotland’s aviation sector.

He said: “We believe there is still interest in Glasgow Prestwick Airport, so we are formally putting the business back on the market.

“Despite the recent setback in the previous sale process, the airport’s senior management team has continued to engage with potential buyers and a notice will shortly be placed in the Official Journal of the European Union inviting expressions of interest.

“This allows interested parties to submit formal proposals, and may encourage new interest as well.”

He said that any proposals would be considered carefully before any decision was taken regarding the future of the South Ayrshire airport.

The Minister added: “Glasgow Prestwick Airport continues to develop as a specialist airport, carving a niche in a very competitive market.

“The recent financial results – showing an increase revenue and reduction in operating losses – are encouraging and underline the significant efforts of the Prestwick team.

“This is an incredibly challenging time for the aviation industry, but we remain confident Glasgow Prestwick Airport has a role to play in Scotland’s aviation sector.”

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The Scottish Conservatives transport spokesman Graham Simpson MSP said: “The SNP have failed to come up with a long-term strategy for Prestwick Airport and must now do everything they can to make it attractive to any prospective buyers.

“Our airports are in crisis so the need for a successful sale is urgent. The SNP’s mismanagement of this vital economic asset has caused too much uncertainty at Prestwick Airport which must end with any takeover that occurs.”

The company that pulled out of the deal was never named.

At the time, Matheson said in a letter to Holyrood that the reason was linked to Covid-19’s impact on the aviation sector.

The Scottish Government first started advertising the airport for sale in June 2019.



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