Scottish government plans to nationalise Infratil’s unprofitable Glasgow Prestwick Airport

Tue, 08 Oct 2013

Oct. 9 (BusinessDesk) - The Scottish government plans to nationalise Infratil’s unprofitable Glasgow Prestwick Airport, which the Wellington-based investment company has been trying to sell since March last year. Deputy First Minister Nicola Sturgeon told the Scottish parliament that she hoped to agree terms of a sale within six weeks “We believe that Prestwick airport can have a positive future,” she said in a statement. “It will require investment and take time, but we believe that it can be returned to profitability.” She said that despi...

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