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Infratil sheds Manston and Prestwick airports

18 October 2013
 

Infratil Ltd has sold Manston Airport in Kent to Lothian Shelf Ltd – a company wholly-owned by Stagecoach co-founder Ann Gloag – for £1.

News of the sale came days after the Scottish Government announced plans to buy one of Infratil’s other assets, Prestwick Airport in South Ayrshire. Infratil has been unable to find a private sector purchaser since putting Prestwick up for sale in March 2012. The Scottish Government  already owns 11 airports and pointed out that in...

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