Private takeover in the offing?
Reported in 'The Times' that a private takeover bid is being launched by Forsyth Black the airport's former Chairman and the Onex Corporation
one of Canada's biggest private equity funds and the owner of Westjet, Canada's second largest airline. Mr Black was previously CEO of Menzies.
He resigned from his post as Chairman of Prestwick in February after two years reportedly because staying in post would be a clear conflict of interest. It is understood that the company has made a commitment not to cut jobs for the first three years of ownership and to keep running Prestwick as an airport
for at least five years.
Last edited by Monkton3; 16th Mar 2024 at 19:54.