Manston airport's new owner pledges to 'maximise opportunities'

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.

– Ann Gloag, Lothian Shelf

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Manston airport sale

It's emerged that Manston airport in Kent is to be sold for £1, plus an adjustment for working capital variances expected to be around £350,000