Infratil writes off Prestwick and Manston airports assets

[mhm]

New Zealand firm Infratil has written off the assets of its UK airports, Glasgow Prestwick and Manston in Kent.

The company said it had reduced the value of both assets from £14.5m a year ago to zero.

The announcement comes as the Scottish government continues talks with Infratil over buying the unprofitable Prestwick operations.

Manston Airport is being bought for £1 by Ann Gloag, who co-founded the Stagecoach Group.

Prestwick is also expected to be sold for £1, according to the company.
http://www.bbc.co.uk/news/uk-scotland-scotland-business-24913958