Proposed Sale of Shareholding in Prestwick Aviation Holdings Ltd

Descriptions

Glasgow Prestwick Airport (‘GPA’) is an international airport on the west coast of Scotland in the UK. Prestwick Aviation Holdings Ltd (‘PAHL’) wholly owns GPA. PAHL is wholly owned by TS Prestwick Holdco Ltd (‘TS Holdco’), which in turn is wholly owned by the Scottish Ministers. TS Holdco is now exploring the sale of 100 % of its shareholding in PAHL by way of a voluntary competitive process. GPA offers a wide range of aviation services including freight, passenger military, specialist executive handling as well as general aviation. GPA is the only airport in Scotland to have its own railway station and railway link straight to the terminal. GPA has 2 runways serviced via six aprons. The terminal building was originally constructed for 4 000 000 passengers and currently has capacity for 18 check in desks, 10 gates and 12 stands. GPA is located on a significant land bank of 356 hectares – 65 per cent of which is utilised for aviation activities.