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Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 22 April 2025
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Displaying 702 contributions

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Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Gordon MacDonald

It sounds as though an awful lot of investment is required over the next 30 years.

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Gordon MacDonald

I am asking whether you have a view on that.

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Gordon MacDonald

Absolutely.

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Gordon MacDonald

I accept 100 per cent that Prestwick is a fantastic asset and that it is strategically important. In my eyes, the danger of moving it back into private ownership is asset stripping, because all of the value of the company is in a 900-acre site with 70 leases. There is no value in the airport operation itself. In my mind, if it is returned to private ownership, the focus will be not on the airport but on the asset of 900 acres in Ayrshire. CalMac, which is owned by the Scottish Government, is operating ferries; ScotRail is owned by the Scottish Government; and Lothian Buses in Edinburgh is owned by the councils, which are funded by the Scottish Government. I am trying to understand why the thinking is that we should move the airport into private ownership when there is that danger of asset stripping. It is a strategic asset that is to the good of the country in the long term.

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Gordon MacDonald

I accept what you say about it being a package and the property arm of the holding company supporting the airport operations. You talked about your master plan for the more than 800 acres that you guys have. Will you say a wee bit more about that and its importance to Prestwick’s viability?

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Gordon MacDonald

I will ask the same question as I asked the previous panel. My concern is that, if you look at the net asset value of the holding company, it has a net liability of £14 million. However, Prestwick Airport Ltd cross-subsidises the airport operation, which is loss making. Prestwick Airport Ltd has a value of £30 million. How will you attract a buyer when there is no value in the airport and it operates at a loss?

Economy and Fair Work Committee

Just Transition (North-east and Moray)

Meeting date: 29 November 2023

Gordon MacDonald

Thanks very much.

Economy and Fair Work Committee

Bankruptcy and Diligence (Scotland) Bill: Stage 1

Meeting date: 29 November 2023

Gordon MacDonald

My last question relates to interest. I understand that a recent court case suggests that, where a bankruptcy is recalled, the law has been left in a bit of a state of flux, because interest may or may not be payable. Again, the Law Society and ICAS have asked for that to be reviewed and have suggested a six-month period, after which interest can be charged. What is the Government’s view on that?

Economy and Fair Work Committee

Bankruptcy and Diligence (Scotland) Bill: Stage 1

Meeting date: 29 November 2023

Gordon MacDonald

Okay; thanks.

Economy and Fair Work Committee

Just Transition (North-east and Moray)

Meeting date: 29 November 2023

Gordon MacDonald

I want to ask you about a couple of comments in section 5.1 of your report, which is entitled

“Path dependency: what are we transitioning to?”

In that section, you refer to

“an academic/third sector consortium”

that said that there was a difficulty in breaking

“the path dependency between economic development and oil and gas related industries”,

with

“considerable resistance to doing so from companies, governments and communities, largely due to concerns and uncertainties over costs and impacts.”

You also quote the chief executive of Aberdeen and Grampian Chamber of Commerce, who said:

“no one is going to come in and pick up things like floating offshore wind, hydrogen, carbon capture, etcetera, because right now it is not commercially viable.”

How do we ensure a just transition? How do we manage the move from oil and gas to renewables? What support is required from either the Scottish or UK Government?