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The Scottish Government is to provide an additional £10 million to a struggling airport that it bought last year for £1.
Deputy First Minister Nicola Sturgeon announced a £7 million investment for repairs and improvements at Holyrood in June - but warned MSPs that it could be a long time before they see a return on the investment.
A Government spokesman confirmed that it was "investing in Glasgow Prestwick Airport to ensure that it can continue to meet all of its current financial obligations".
I can't see how the Scottish Government can continue to sponge up the losses from Prestwick airport and in the longer term something will have to change.
Prestwick airport is ‘bleeding’ flights and should be closed, Largs councillor Tom Marshall told a national radio audience.
Not being from the area I don't know how representative of the area the Conservative Cllr. Tom Marshall's opinion is but I imagine the airport will still be responsible for a sizeable number of jobs in the area. He is probably right in that Glasgow International airport could easily accept the entire Prestwick airport flying schedule.
Prestwick Airport costing taxpayer £750,000 a month
The airport that was bailed out with a £1 Scottish Government buyout is costing taxpayers £750,000 a month and is now over £21m in debt.
The latest Scottish Government accounts show Prestwick received £21.3m from Holyrood up to March 31, up 24 per cent increase on the figure of £17m revealed in August.
Prestwick Airport is being run on a commercial basis by an arms-length organisation, TS Prestwick Holdco.
They're politicians. If it suits them they will.Can the Scottish government continue to foot the bill for Prestwick indefinitely?
Do the majority even know that the airport is supported by the government? And do they care?I am surprised the people of Scotland haven't been asking searching questions about the use of "their" money.
Does PIK really have an effect on GLA?Don't imagine GLA is very happy with its closest rival being subsidised. If they cut another deal with Ryanair then PIK will be finished as a passenger airport. Ryanair are launching 10 routes from GLA within the next 6 months, only a matter of time until the PIK routes are moved.
Does PIK really have an effect on GLA?
Perhaps the majority of people in Scotland are not aware of their government support for PIK, but I suspect that a good many would not be happy were they to find out given that Scotland is, like the rest of the UK, struggling to meet its budgetary commitments.Do the majority even know that the airport is supported by the government? And do they care?
I'm guessing when they bought the airport that it was more political as the Scottish government probably didn't want to be accused of losing Scottish jobs and thought it would've been easier than they thought to turn it around. The Welsh government probably thought the same with CWL.As Scotland is well off for airports, especially in the populous Central Belt, it does seem a curious thing to do.
It was certainly political in Scotland with PIK as it was in Wales with CWL but for a different and more easily understood reason.I'm guessing when they bought the airport that it was more political as the Scottish government probably didn't want to be accused of losing Scottish jobs and thought it would've been easier than they thought to turn it around. The Welsh government probably thought the same with CWL.
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