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SNP bail out Prestwick Airport with another £9.5million injection

The SNP have once again bailed out publicly owned Prestwick Airport.

Taxpayers gave another £9.6million to Prestwick Airport this year - increasing funding from £21.3m to £30.9m - an increase of 45%.

The latest Scottish government's consolidated accounts show the £9.6m injection as the struggling business posted loses of £9m.

The failing airport was acquired by the Scottish government in November 2013 and is currently costing taxpayers around £800,000 per month to keep running.

Industry observers think the airport will have needed just short of £40million by 2021. Others consider this conservative and expect it to require in excess of £40million.

Scottish Conservative finance spokesman Murdo Fraser condemned the losses and said: "Prestwick airport should not be a black hole into which the SNP government continues to plough taxpayers’ money. They have had ample time in the past three years to turn the airport’s fortunes around and return it to the private sector where it belongs.”

The airport is being run by TS Prestwick Holdco. Ryanair is the only commercial carrier to fly from Prestwick airport.

Passenger numbers are down by almost two million in the past eight years.

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