Prestwick airport not expected to sell this year after offers rejected

Since Prestwick airport was taken into public ownership more than £43 million of taxpayer-funded loans have been provided to keep it open
Since Prestwick airport was taken into public ownership more than £43 million of taxpayer-funded loans have been provided to keep it open
JEFF J MITCHELL/GETTY IMAGES

The directors of state-owned Prestwick airport have said there is “no expectation” it will be sold this year.

The site has been in Scottish government hands since 2013 after it paid a token £1 to purchase it because no buyers could be found on the open market.

Ministers argued that the airport was a national asset and, even though it employed only about 300 people directly, supported thousands more jobs by its presence.

Since it was taken into public ownership more than £43 million of taxpayer-funded loans have been provided to keep the Ayrshire transport hub open. The interest on that balance is a further £6 million and by March last year the total owed to the public purse was £49.7 million.

It emerged just