Date lodged: 23 February 2018
To ask the Scottish Government, further to the statement by the Cabinet Secretary for Economy Jobs and Fair Work on 22 February 2018 (Official Report, c. 44), what method it is using to monitor Prestwick airport's financial situation.
Answered by: Keith Brown 7 March 2018
Appropriate governance arrangements are in place that allow Glasgow Prestwick Airport’s performance to be monitored through the Operating Company Board and the Holding Company Board.
The HoldCo Board has corporate responsibility for ensuring that the Group fulfils the aims and objectives set by the Scottish Ministers. The OpsCo Board determines the long term strategy for developing the Airport and reports to the HoldCo Board. The Scottish Government has observer status on the OpsCo Board and has non-executive Directors on the HoldCo board.