The Ontario Teachers’ Pension Plan (OTPP) is the largest shareholder and owner of Bristol Airport. The OTPP has been an investor in the airport since 2001. Other minority shareholders include:
- New South Wales Treasury Corporation (“TCorp”)
- Australian Retirement Trust (“ART”)
- StepStone
Bristol Airport is a public airport that serves Bristol, Somerset, Gloucestershire, Herefordshire, and Wiltshire. It offers flights to over 110 destinations, including Europe, Africa, Asia, and North America.
Cash-strapped Public Health Wales—which racked up a staggering £183 million deficit last year—seems to have found a pot of gold after all?
Funding is needed to protect jobs and diversify Cardiff Airport
Over the summer, the Welsh Government announced a proposed funding package of £205m over a decade for Cardiff Airport.
Cardiff Airport insists the funding is required to turn around its fortunes and doesn’t believe it would negatively impact rival Bristol.
London City Airport’s owners have injected £130 million in new equity to stabilise the airport’s finances amid a prolonged downturn in business travel.
Responding to the news that Bristol Airport said it is “deeply concerned” over plans by the Welsh Government to provide over £200m in subsidy, Natasha Asghar MS, Welsh Conservative Shadow Transport Minister, said:
“Investment in airports – as with any large-scale transport infrastructure – is crucial in order to ensure they are able to grow and thrive. This of course, includes large scale subsidies such as the £206 million proposed support package for Cardiff Airport.
“Whilst I do not dispute this positive injection of investment for Cardiff Airport, I do dispute where it is coming from. It remains my belief that the private sector is the right environment for this vital Welsh transport link to thrive, and that we would see much greater investment, growth and passenger take-up if the competitive free market was utilised.
“We all know that government funding is stretched. A move to the private sector would not only encourage efficiency, competition and attract greater investment and growth for Cardiff Airport, but it would free-up more taxpayer cash to spend in other areas of the budget that so desperately need help under current circumstances.”
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Cardiff Airport’s ever-growing money pit for Walsh Taxpayers
Cardiff Airport’s recovery plan must be made public Cardiff Airport 20 Arrivals 21 departures in 5 days Bristol Airport 61 departures 61 arrivals today
Welsh Government happy to keep throwing millions of £££££ of your money into the bottomless pit the cost taxpayer so far is £225 million and growing, Its only public money so who cares