Manchester Evening News - Jennifer Wiliams
In the absence so far of financial support from government, the ten Greater Manchester local authorities - which have a majority stake in the group - are planning to borrow themselves in order to lend to it. Jen Williams reports.
Greater Manchester’s ten councils are set to provide a finance package of more than £250m to Manchester Airport Group amid growing fears about the impact of Covid-19, the Manchester Evening News can reveal.
The town halls - which between them have a 64.5pc stake in the airport group - may not start to see any repayments for a couple of years, but are hoping that by that point it will have returned to some semblance of normality...more