Infratil sells Manston Airport for 350,000 British pounds to Stagecoach co-founder

Mon, 14 Oct 2013

By Tina Morrison Oct. 15 (BusinessDesk) – Infratil, the Wellington-based infrastructure investor, has agreed to sell Manston Airport in the UK for 350,000 British pounds to Stagecoach Group co-founder Ann Gloag and her brother Brian Souter. Infratil agreed to sell the airport for 1 pound plus adjustment for working capital variances and cash injected by Infratil, the company said in a statement. The latest sale comes after Infratil last week said it was in talks to sell its Glasgow Prestwick Airport to the Scottish government, allowing the...

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