The Scottish government plans to nationalize Glasgow Prestwick Airport in a bid to safeguard jobs at the loss-making airport. Prestwick—currently owned by New Zealand company Infratil—is a major base for low-cost carrier Ryanair, but reportedly has been making annual losses of around £2 million ($3.2 million). Infratil has been trying to sell the airport since March 2012 with the support of the Scottish government along with investment agency Scottish Enterprise and South Ayrshire ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Scottish Government To Nationalize Prestwick Airport".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.