Former Navy flagship HMS Ark Royal will be sold on as scrap metal for £3 million as part of a move that the Ministry of Defence has described as "difficult but necessary".
An announcement in Parliament today is expected to reveal the details of the deal after the vessel was decommissioned in 2010 five years ahead of its expected sell-by date.
The decision comes following a bidding process which included proposals to turn the 22,000-ton ship into a helipad on the Thames, a museum, a hotel, a casino or a diving wreck off the South coast.
Last year HMS Invincible was also sold to a Turkish scrap metal firm as part of the MoD's drive to get its finances in order.
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Largely dry with cloud and some sunny spells this afternoon with light winds.
Dry with sunny spells and light winds.
Union boss says he "deeply regrets" the disruption to people's travel plans after several days of talks failed to break the deadlock.