Government talks

New bidder emerges for Prestwick Airport

Airport was rescued by government

A new preferred bidder for Prestwick Airport is in talks with the Scottish Government, Transport Secretary Michael Matheson has revealed.

His announcement comes five months after a proposed sale to Glasgow Airport owner AGS Airports fell through.

The South Ayrshire facility was put up for sale in 2019 by the government which acquired it for a nominal £1 to head off closure by its New Zealand owners Infratil and hundreds of job losses.

Mr Matheson said: “Since the Scottish Government bought Glasgow Prestwick Airport (GPA) in 2013, we have been clear that it is our intention to return the business to the private sector when the time is right.

“In November, a notice was placed in the Official Journal of the European Union inviting expressions of interest.

“That attracted credible interests and since then GPA and its professional advisers have carried out a detailed evaluation of the competing bids.

“I am pleased to report significant progress has been made and I have agreed the selection of a preferred bidder.

“This allows the process to move to the next stage and potentially an early divestment of our shareholding.

“To protect the integrity of the process, we will not reveal the identity of the preferred bidder at this stage.”

Leave a Reply

Your email address will not be published. Required fields are marked as *

This site uses Akismet to reduce spam. Learn how your comment data is processed.