Cardiff-2

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Originally Posted by PDXCWL45

Cardiff Airport could get extra £6.8m loan from Welsh Government
https://t.co/66qCVrNlaW

So, am I reading this right - they bought the airport for £52m, loaned them £38m, then a further extension of £21.2m, now a further £6.8m. This after making losses of £18.5m last year - nearly three times more (i.e. well over £6m) than the previous year. And this is on commercial terms?

Welsh ministers are considering loaning Cardiff Airport a further £6.8m, after approving a loan of £21.2m last year.

The £21.2m loan was an extension on the £38.2m the airport could already borrow from the government.

The Welsh Government bought the airport in 2013 for £52m. Since then passenger numbers have increased significantly but in December the airport posted a pre-tax loss of £18.5m, nearly three times higher than the previous year.