Councils ‘keen to take share in bid for Glasgow Airport’
22.08.08
Councils in the west of Scotland are looking at teaming up with a major operator to buy Glasgow Airport, the Herald reports. According to the newspaper, ‘discreet negotiations’ have taken place between the political leaders of local authorities and officials from Manchester Airport Group (MAG), which The Herald also revealed as a likely bidder for the airport.
The Herald reports that the leader of Glasgow City Council, Steven Purcell, and his chief executive, George Black, have been involved in talks with MAG. It quotes a 'senior source' saying: ‘This is a fantastic asset that is vital to the future of this city region. There is cross-party and cross-council agreement that we need to be talking to all the potential bidders. We have not ruled out taking an equity interest in the airport.’
The newspaper adds that MAG executives have made clear they would not rule out some kind of equity partnership with the Scottish public sector to buy Glasgow Airport. The group, which, aside from Manchester, owns three other regional airports in England, believes Glasgow is a good ‘fit’ for its portfolio.
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