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Gloucestershire Airport Sale Collapse Spurs Councils to Prioritize Business Support and Financial Stability

Councils in Gloucestershire are facing mounting scrutiny following the failed sale of Gloucestershire Airport, as they shift focus to supporting the airport’s businesses and addressing ongoing financial challenges.

Last week, it was confirmed that the proposed sale of the 375-acre Staverton site, jointly owned by Cheltenham Borough Council and Gloucester City Council, had collapsed. The preferred buyer, Horizon Aero Group, failed to secure the necessary funding despite extended deadlines, bringing an eight-month negotiation to an abrupt end.

City council leader Jeremy Hilton emphasized that maintaining the airport’s operations and supporting the aviation businesses remain top priorities. These businesses are vital to the local economy, and the councils commit to open communication and stability during this uncertain time.

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Financially, the airport has been running at a loss, prompting councils to urgently explore strategies to reduce operating costs and enhance commercial viability while keeping the facility active. However, opposition leaders have expressed frustration over the handling of the sale and the airport’s finances.

Labour leader Terry Pullen criticized the prolonged timeline and questioned why earlier due diligence failed to identify the buyer’s financial shortcomings. He also raised concerns about undisclosed expenses on consultants, agents, and legal fees. Pullen called for a comprehensive review involving all local councils, especially with looming government reorganization, to strategically assess the airport’s future and its role in the broader Gloucestershire economy.

Conservative group leader Stephanie Chambers intends to demand a detailed timeline and cost breakdown of the failed sale, estimated to exceed £200,000. She highlighted the importance of protecting jobs and businesses reliant on the airport while urging leadership to restore commercial viability through collaboration.

Community Independent leader Alastair Chambers described the entire process as a “complete and utter waste of time and taxpayers’ money,” denouncing failures in due diligence, leadership, and accountability. He insists that the public and councillors deserve clear answers and responsibility for the debacle.

Despite these concerns, the councils report that there will be no immediate disruption to airport operations or businesses during ongoing discussions on the way forward. Careful evaluation and time will be taken to ensure any decisions are pragmatic, achievable, and beneficial for Gloucester, Cheltenham, and the wider region.

Cllr Hilton concluded: “Our focus is on keeping Gloucestershire Airport operating and supporting the aviation businesses that depend on it. The sale fell through solely because Horizon Aero Group could not secure funding. We are already working on improving the airport’s financial position and reducing losses. We will proceed carefully, considering all viable options to achieve the best outcome.”

Cheltenham Borough Council and Gloucester City Council will continue their joint efforts and provide updates as the situation evolves.

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