Deals
Scottish Government Set to Buy Airport Where Elvis Once Stood
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The Scottish government is to buy Prestwick airport, best known as the only place Elvis Presley officially ever stood on British soil, to prevent the closure of the unprofitable terminal located 30 miles southwest of Glasgow.
The government plans to complete due diligence and detailed talks with Infratil Ltd., Prestwick’s New Zealand-based owner, within six weeks, Deputy First Minister Nicola Sturgeon told lawmakers. The infrastructure company put the site on Scotland’s west coast up for sale in March 2012 and failed to find a buyer.