Infratil's ex-CEO dies

Infratil founder Lloyd Morrison died in Seattle this morning after a three-year battle with cancer. He was 54.

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Manston keeps failing. What next?

Controlled descent...

Infratil bought Manston for £17 million and are happy to spend £10-20 million on it before pulling the plug, so from their point of view KIA is small but far from trivial. Infratil's European airport investments are performing poorly. Infratil are big enough to take the hit by cross-subsidising, but not indefinitely.

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