Originally Posted by
james170969
In this case renationalisation is the answer. Prestwick Airport was making a profit prior to being owned by Infratil and it can with the right management, make a profit again. To say that renationalisation is never the answer is just wrong. Renationalised East Coast Trains have just made £200 million for the UK Govt. The alternative was that Infratil were going to close the airport which I've no doubt would delight some people.
James, I'm theoretically open to being persuaded that
perhaps this is a good move, but I think you need to find some better arguments. So what if the airport was profitable some years ago? Blackberry and Nokia were profitable some years ago. Air France was profitable some years ago. Times change. Past performance is no guide to future results.
What can a new owner (and moreover one subject to EU State Aid Guidelines) do which the existing owners can't, and which isn't just playing a zero-sum game with traffic at GLA? (Genuine question.)