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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 4 May 2021
  6. Current session: 13 May 2021 to 16 December 2025
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Displaying 864 contributions

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Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Gordon MacDonald

I have a couple of final questions. First, you said that you have returned to profitability over the past four years; at what point do you intend to start paying dividends? Secondly, you have a loan debt of £43 million, and I notice that the interest is accruing in the background. It was £7 million-odd in the previous year, and it is now £9 million. When will that start to be repaid to the Scottish Government?

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

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

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 was thinking more about the interest than dividends.

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

Okay. Thank you.

Economy and Fair Work Committee

Just Transition (North-east and Moray)

Meeting date: 29 November 2023

Gordon MacDonald

Thanks very much.

Economy and Fair Work Committee

Bankruptcy and Diligence (Scotland) Bill: Stage 1

Meeting date: 29 November 2023

Gordon MacDonald

My last question relates to interest. I understand that a recent court case suggests that, where a bankruptcy is recalled, the law has been left in a bit of a state of flux, because interest may or may not be payable. Again, the Law Society and ICAS have asked for that to be reviewed and have suggested a six-month period, after which interest can be charged. What is the Government’s view on that?