Glasgow Prestwick Airport up for sale for the private sector
By Caoimhe Toman
Date: Thursday 13 Jun 2019
(Sharecast News) - Glasgow Prestwick Airport will be put up for sale as the Scottish Government looks to return the facility to the private sector.
The airport will return to the private sector after being taken into public ownership in November 2013 by the Scottish Government.
The Scottish Government made sure it safeguarded jobs linked directly and indirectly to the airport, as well as protected a strategic asset.
An advert will be placed in the Official Journal of the European Union for potential buyers to read through and inviting expressions of interest in the business.
Cabinet Secretary for Transport, Infrastructure and Connectivity Michael Matheson said: "Since the Scottish Government bought Glasgow Prestwick Airport in 2013, we have been clear that it is our intention to return the business to the private sector when the time is right.
"The senior management team at the airport has continued to engage with potential buyers and investors to discuss proposals for developing the business under new ownership.
"Good progress continues to be made by the airport to increase revenue, deliver operating efficiencies and pursue exciting opportunities for the future, including Spaceport.
"In light of that progress, the airport will shortly place an advert in the Official Journal of the European Union inviting expressions of interest. Any proposals submitted as a result of the advert would be considered carefully before any decision was taken to divest our shareholding in the airport or any part of the business."
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