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Chamber and committees

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 4 May 2025
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Displaying 707 contributions

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Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Gordon MacDonald

There is a master plan to reinvent Prestwick over 30 years. In previous decades, the airport was owned by the Canadian entrepreneur Matthew Hudson, then the Stagecoach Group, and then Infratil. Obviously, the Scottish Government took it over in 2013. Is it in the best interests of getting access to finance or the airport’s operation for it to remain in public ownership, or should it be moved over to the commercial side?

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Gordon MacDonald

Okay. Thank you.

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Gordon MacDonald

I want to continue the conversation that I had with the previous panel about accounts and profitability. You said in your opening statement that you will look at all options. If you are looking at the best interests of the public purse, will you also look at public ownership?

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Gordon MacDonald

I was thinking more about the interest than dividends.

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Gordon MacDonald

Good morning, panel. I have a couple of questions about your accounts. I had a quick look at the TS Prestwick Holdco Ltd accounts. You rightly pointed out that you have made a profit of about £2 million over the past two years. However, the accounts for the subsidiaries say that Glasgow Prestwick Airport Ltd, which carries out airport operations, made a loss of £1.5 million, and that Prestwick Airport Ltd, which is a property management company, made a profit of £2.4 million. I realise that those figures are before your revaluation reserve and the financial costs, but will you say a wee bit more about the importance of Prestwick Airport Ltd?

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Gordon MacDonald

It sounds as though an awful lot of investment is required over the next 30 years.

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Gordon MacDonald

I am asking whether you have a view on that.

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Gordon MacDonald

Absolutely.

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Gordon MacDonald

I accept 100 per cent that Prestwick is a fantastic asset and that it is strategically important. In my eyes, the danger of moving it back into private ownership is asset stripping, because all of the value of the company is in a 900-acre site with 70 leases. There is no value in the airport operation itself. In my mind, if it is returned to private ownership, the focus will be not on the airport but on the asset of 900 acres in Ayrshire. CalMac, which is owned by the Scottish Government, is operating ferries; ScotRail is owned by the Scottish Government; and Lothian Buses in Edinburgh is owned by the councils, which are funded by the Scottish Government. I am trying to understand why the thinking is that we should move the airport into private ownership when there is that danger of asset stripping. It is a strategic asset that is to the good of the country in the long term.

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Gordon MacDonald

I accept what you say about it being a package and the property arm of the holding company supporting the airport operations. You talked about your master plan for the more than 800 acres that you guys have. Will you say a wee bit more about that and its importance to Prestwick’s viability?