Glasgow Prestwick Airport has been sold to the Scottish government for just GBP1.
The airport’s former owners, New Zealand-based Infratil, has laid off the airport after it incurred annual losses of GBP2 million, according to the BBC.
The airport is expected to operate as normal and with no job losses.
A business plan for the airport will now be created with the long-term goal of returning it to profitability and selling to a private firm.
“First and foremost we need to make sure that the airport is operating on the right basis,” deputy first minster Nicola Sturgeon is reported saying. “We’ve made clear our intention to have a separate company to run the airport for us.”
Last month the airport saw passenger numbers increase 5% year-on-year to 120 977.