Written Question · S4W-19673 · Session 4
What due diligence it (a) has undertaken and (b) will undertake to prove that the purchase of Glasgow Prestwick Airport is in the national …
The question
To ask the Scottish Government what due diligence it (a) has undertaken and (b) will undertake to prove that the purchase of Glasgow Prestwick Airport is in the national interest and what assessment it has made of the potential displacement of aeronautic and airport-related businesses in and around Glasgow Airport.
The answer
(a) Confirmatory due diligence was completed prior to the acquisition of Glasgow Prestwick Airport, including the development of a business plan that demonstrates it is reasonable to expect to make a long term return on the investment. This did not include an assessment of the potential displacement of aeronautic and airport-related businesses in and around Glasgow Airport. (b) A ‘stage 2’ business plan will be developed, building on the earlier work and set out the commercial opportunities available to the airport.
In the Official Report
No contribution in the Official Report cites S4W-19673 by reference.