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Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 14 May 2025
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Displaying 979 contributions

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Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Colin Smyth

You say that the airport is in a good financial position. It is making a profit, but you did not mention the fact that the £43.4 million that the Government loaned to Prestwick is now valued at only £11.6 million, which is a potential loss to the taxpayer of millions of pounds. Do you anticipate those loans, or part of them, being paid back, or will that have to be part of any sale criteria?

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Colin Smyth

Mr Forgie mentioned the previous Rural Economy and Connectivity Committee sessions, which I remember well. You said that the airport has changed a lot since then and is a strong asset, which I very much agree with. Given that, why has the Scottish Government not so far considered any bid for sale of the airport to be acceptable?

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Colin Smyth

Are there any credible bids on the table at the moment?

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Colin Smyth

So, since the sale of the airport in 2013, no bids have gone to the Scottish Government with a recommendation for sale.

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Colin Smyth

I certainly do not have a major concern. I have real hope, given that the airport is in South Scotland, which is my region. How far down the line will we go before you start to consider the point that was made earlier about whether the public ownership model is the best way forward?

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Colin Smyth

There is another implication of this limbo position. Audit Scotland has said that millions of pounds more are needed to sustain the current model at Prestwick, but the Government has not put investment in it since 2019. Clearly, to secure the long-term future of the airport, it needs investment. Where will that investment come from if not from the Government?

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Colin Smyth

Just for the record, can you tell us how many bids you have received in total that have then been passed to the Scottish Government with a recommendation for sale, from the board?

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Colin Smyth

So, is the investment that is required conditional on the sale of the airport?

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Colin Smyth

I have a final question. You obviously find yourselves somewhat in limbo. Earlier, it was mentioned that the loans have not been paid back, and the Government, or the auditors, have revalued them at just £11 million. You are not making any payments towards the loans. You have talked about investment so far. I presume that you are not in a position to make the level of investment in the airport that is needed unless you either get money from the Government or you have a new owner who will make that investment.

There must be a lot of outstanding investment. Audit Scotland, for example, said recently that millions more will be needed to sustain the airport in its current model. This limbo position cannot go on. Either we take a decision that says that the airport is publicly owned with the support of the Government, or we need a sale.

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Colin Smyth

We find ourselves in limbo at the moment. On the one hand, you want to return the airport to the private sector; on the other hand, the private sector does not seem to want it. What are the implications of that limbo?