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Aircraft and finance. Infratil concludes sale of Glasgow-Prestwick Airport to the Scottish Government for £1

Glasgow, United Kingdom - "The acquisition allows us to protect the jobs that directly and indirectly depend on it", Deputy Prime Minister Nicola Sturgeon claims

Infratil Limited has sold Glasgow Prestwick Airport to TS Prestwick Holdco Limited, an entity wholly owned by the Scottish Ministers, for cash consideration of £1. This is the second operation of this kind in the United Kingdom this year: a few months ago the Welsh government brought Cardiff Airport under public ownership (AVIONEWS). Prestwick Airport has been on the market since March 2012....

AVIONEWS - World Aeronautical Press Agency - 1156696

AVIONEWS - World Aeronautical Press Agency
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