Quote:
Originally Posted by walkinman221
Manchester City Council - 55%
Metropolitan Borough of Bolton - 5%
Metropolitan Borough of Bury - 5%
Metropolitan Borough of Oldham - 5%
Metropolitan Borough of Rochdale - 5%
City of Salford - 5%
Metropolitan Borough of Stockport - 5%
Metropolitan Borough of Tameside - 5%
Metropolitan Borough of Trafford - 5%
Metropolitan Borough of Wigan - 5%
This is the split of ownership of Manchester Airport the company is known as MAG (Manchester airport group)The Manchester Airports Group Plc (MAG) is the country’s largest UK-owned airport operator. Their four airports - Manchester, East Midlands, Bournemouth and Humberside – currently serve a total of over 23.9 million passengers every year.And as you can see it is a plc so i doubt many of the council tax payers of Greater Manchester see much of the money it makes.
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As I've already said, get the facts right.
"Manchester Airports Group is registered as a public limited company (plc) but the local authority owns all of its shares. The shares are not quoted, or available to buy, on the Stock Exchange. MAG pays dividends to its shareholders (the ten local authorities) and reinvests some of the profits into the company."
http://www.magworld.co.uk/gcsebusine...ownership.html
I can't see how the money they make doesn't go back into the councils' coffers to run local services.