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KCC defends £100,000 airline gamble charge

Council chiefs have rejected claims that their decision to invest £100,000 of public money in EUJet was a gamble that backfired. Cllr Alex King (Con), Kent County Council’s cabinet member for regeneration and the man responsible, said he accepted the investment was high risk but claimed it had produced "a good return" for Kent by demonstrating that a budget airline could be viable from Manston.

KCC lost its £100,000 investment when EUJet faced financial problems. The authority subsequently agreed to put in an additional 15,000 Euros to provide "working capital" to PlaneStation, the company that owned Manston Airport but which recently went into administration.

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