Infratil Limited has agreed to sell Manston Airport to Lothian Shelf (710) Limited, an entity wholly owned by Ann Gloag, for cash consideration of £1 plus an adjustment for working capital variances and cash injected by Infratil between 14 October and transaction completion (expected c£350,000)
Ann Gloag is an experienced investor who co-founded Stagecoach Group, the UK-listed public transport operator, along with her brother, Brian Souter.
Having worked in the transport industry for over 30 years, I believe I am very well placed to help maximise opportunities for both freight and passengers at Manston.
More top news
The first female paramotorist has made it across the English Channel - flying the route of migratory swans from Russia to Kent
Monday night's weather for the west of the region
Monday night's weather for the east of the region