Does that answer some of the above rubbish, and even educate some of you just a little ?
I'm thinking you don't actually work in business?
Any business can make an operating profit in a good year if someone else writes off their debts in total. Thomas Cook made an operating profit even in recent years.
So is the Scottish Govt simply writing off £33M of debt? Can someone confirm or link to that?
Well, the SNP saved Prestwick Airport, They have written off £33M of the debt, the place is now in operating profit, why would it not be with the traffic going through it ?
Because there are huge costs in operating a an airfield built out as a transatlantic gateway with *TWO* full length active runways were the main airline doesn't pay commercial rates and the retail revenues don't make up the shortfall?
The costs of that terminal will kill off any buyer. it needs millions spent on it or it needs shutting. Even if all of the existing debt is written off, the first thing any new buyer needs to do is to take out a whole lot more to make up for recent under-investment. The existing business model is a joke, but as I said, there are profitable parts, just being dragged down by vanity and an inability to let the past go and get real.
BAA sold off and closed Runway 21/03, an appealing idea except it renders the whole airfield pretty much unusable for whole days at a time in winter as the main runway wasn't built into the prevailing seasonal gales!