News Listings for Glasgow Prestwick International

  • Priming Prestwick as a global player

    News | 27 Feb 2007 00:00

    <H2><FONT size=3>Tom Wilson, who was for seven years the chief executive of the UK's Glasgow Prestwick International airport in Scotland, talks about his time in the aviation industry and his ambitions in the field of children's literature.</FONT></H2> <P>During his seven years at the helm at Glasgow Prestwick airport, Tom Wilson oversaw the transformation of the airport from a peripheral, struggling facility into a thriving international hub with more than a dozen scheduled international connections. </P> <P>He is now managing director of his own company, Viscount Aviation, which provides a range of aviation services and is handling interim management at two airports owned by Infratil - Hamburg Lübeck and Kent International, formerly known as Manston. </P> <P> <TABLE style="PADDING-RIGHT: 10px; PADDING-LEFT: 10px; FLOAT: right; PADDING-BOTTOM: 10px; OVERFLOW: auto; WIDTH: 167px; PADDING-TOP: 10px" cellSpacing=0 cellPadding=0 border=0> <TBODY> <TR> <TH><IMG style="BORDER-RIGHT: 1px sohttp://www.flightglobal.com/news/articles/Priming-Prestwick-as-a-global-player-212352/
  • Sydney Airport exec to head Glasgow Prestwick

    News | 05 Nov 2004 15:15

    <body lang=EN-GB style='tab-interval:36.0pt'> <div class=Section1> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Glasgow Prestwick International Airport’s operator has named Sydney Kingsford Smith Airport executive Steven Fitzgerald as the new CEO of the Scottish base.<u1:p></u1:p><o:p></o:p></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><u1:p></u1:p>Walker joins from Sydney Airport Corporation (SACL) where he was general manager for airport operations; he also has previous strong ties with the company’s retail and trading division.<u1:p></u1:p><o:p></o:p></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><u1:p></u1:p>He will take up his position early in 2005.<u1:p></u1:p><o:p></o:p></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><u1:p></u1:p>New Zealand-based infrastructure investment company Infratil is the controlling sharehhttp://www.flightglobal.com/news/articles/Sydney-Airport-exec-to-head-Glasgow-Prestwick-281885/
  • Infratil shareholders approve Glasgow Prestwick takeover

    News | 25 Mar 2004 00:52 | Nicholas Ionides

    <body lang=EN-US style='tab-interval:.5in'> <div class=Section1> <p class=MsoNormal><span lang=EN-GB style='mso-ansi-language:EN-GB'>New Zealand-based infrastructure and utilities investment group Infratil has secured shareholder approval for its planned takeover of Glasgow Prestwick International Airport in Scotland.<o:p></o:p></span></p> <p class=MsoNormal><span lang=EN-GB style='mso-ansi-language:EN-GB'>Infratil says shareholders approved the proposal to take full ownership of the airport at a special meeting in Wellington yesterday. The company already holds 77.3% of Glasgow Prestwick but late last year agreed to take full ownership through the purchase of Utilco Investment Trust’s 5 million shares in holding company Glasgow Prestwick Holdings.<o:p></o:p></span></p> <p class=MsoNormal><span lang=EN-GB style='mso-ansi-language:EN-GB'>Infratil originally agreed to pay £11.7 million ($21.3 million) for the shares but earlier this month said it would pay £10.3 mhttp://www.flightglobal.com/news/articles/Infratil-shareholders-approve-Glasgow-Prestwick-takeover-271575/
  • NZ's Infratil cuts bid price for Glasgow Prestwick airport stake

    News | 18 Mar 2004 06:21 | Leithen Francis

    <body lang=EN-US style='tab-interval:.5in'> <div class=Section1> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span lang=EN-GB style='mso-ansi-language:EN-GB'>New Zealand-based infrastructure and utilities investment group <span style='mso-bidi-font-weight:bold'>Infratil is proceeding with a full takeover of </span>Glasgow Prestwick International Airport in Scotland but for a lower price than earlier agreed.<u1:p></u1:p></span></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Infratil holds a 77.3% stake in the airport and late last year entered into a conditional purchase agreement to take full ownership of Prestwick by buying Utilico Investment Trust’s five million shares in the airport holding company, <span lang=EN-GB style='mso-ansi-language:EN-GB'>Glasgow Prestwick Holdings.</span></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Infratil had agreed to pay <sphttp://www.flightglobal.com/news/articles/NZs-Infratil-cuts-bid-price-for-Glasgow-Prestwick-airport-stake-273093/
  • Infratil considers impact of Prestwick profits dip

    News | 16 Mar 2004 13:33 | Graham Dunn

    <body lang=EN-GB style='tab-interval:36.0pt'> <div class=Section1> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>New Zealand-based utilities investment group Infratil will meet in the next few days to discuss “implications” of its move to take full ownership of Glasgow Prestwick International Airport, after revealing that the airport’s profits will be lower than expected.</p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Infratil expects Glasgow Prestwick Holdings’ earnings before interest, taxes and depreciation (EBITDA) to be around £4.5 million ($8.1 million) for the year ending 31 March 2004. This is around 10% below the comparable figure in 2003 and “materially below expectations”.</p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>The company points to lower freight volumes – around 14% down on 2003 levels in January and February – while growth in passenger numbehttp://www.flightglobal.com/news/articles/Infratil-considers-impact-of-Prestwick-profits-dip-272615/
  • NZ's Infratil to take full ownership of Glasgow Prestwick

    News | 19 Dec 2003 05:37 | Nicholas Ionides

    <body lang=EN-US style='tab-interval:.5in'> <div class=Section1> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span lang=EN-GB style='mso-ansi-language:EN-GB'>New Zealand-based infrastructure and utilities investment group Infratil is to take full ownership of Glasgow Prestwick International Airport in Scotland.<o:p></o:p></span></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span lang=EN-GB style='mso-ansi-language:EN-GB'>Infratil says in a statement that it has entered into a conditional purchase agreement to acquire Utilco Investment Trust’s 5 million shares in the airport’s holding company, Glasgow Prestwick Holdings, for £11.7 million ($20.7 million).<o:p></o:p></span></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span lang=EN-GB style='mso-ansi-language:EN-GB'>It has also agreed to acquire options held by Morrison &amp; Co over 1.34 million of Infratil’http://www.flightglobal.com/news/articles/NZs-Infratil-to-take-full-ownership-of-Glasgow-Prestwick-273542/