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Old 1st Aug 2012, 22:09
  #724 (permalink)  
pottwiddler
 
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Interesting to read that MAG PLC have 'received' an offer to sell it's shares.

£2.3m is a bit of a joke figure considering the assets there, but I suppose taking in the liabilities of the airport in its current form (£0.4m loss, £6.6m pension deficit, £3m over 3 years CAPEX requirement), that it probably is a good offer.
Whoever is buying must have a vision for the airport and it will create jobs as all positions lost in centralising jobs (HR, Commercial etc) will be recreated, so it could be good for the airport.

Last edited by pottwiddler; 1st Aug 2012 at 22:21.
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