Europe

Glasgow Prestwick to receive investment

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Glasgow Prestwick to receive investment

Glasgow Prestwick airport is to receive nearly £7 million in investment from the Scottish government.

The investment is designed to address a backlog of repairs and to make improvements to the terminal building.  Ryanair is the only scheduled operator at the airport.

In 2013, the Scottish government bought the airport for £1 to stave off its closure.

The Scottish government stated that investment would be made "in the form of loan funding" and that £5.5m had already been provided since acquisition.