, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence session with the Welsh Government
Thank you. Could I ask a quick supplementary? What, if any, are the financial implications for the Welsh Government of the decision of the Welsh Government to discontinue the air link from Ynys Môn to Cardiff Airport?
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence session with the Welsh Government
Mike Hedges, have you concluded your questions?
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence session with the Welsh Government
Natasha.
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence session with the Welsh Government
Thank you. Have you finished, Mike?
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence session with the Welsh Government
Right. It's basically the ratio of, crudely, debt to assets, but it's a bit more complex. So, the size of the organisation—simply saying £400 million for a given place would be irrelevant if it was a huge organisation and that was only a tiny proportion of…
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence session with the Welsh Government
That would be helpful, now and as we move forward. But, immediately and publicly, it would be helpful to know what the metrics themselves are. Gearing, as you indicate, is only one of them, although I remember from my days in commercial banking that gearing…
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence session with the Welsh Government
That would be helpful.
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence session with the Welsh Government
Could you share those metrics with us?
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence session with the Welsh Government
Thank you. Albeit that the loans the company has are all through the Welsh Government itself, which is also the sole shareholder, is gearing the debt ratio a consideration for Welsh Government as lender and as shareholder material?
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence session with the Welsh Government
Thank you. Rhianon Passmore.
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence session with the Welsh Government
Thank you. Could I pass over to Rhys ab Owen?
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence session with the Welsh Government
Thank you. Well, as you know well, time is short. Members, I know, will be succinct in their questions; I'll ask you to be as succinct as possible in your answers. And I'm conscious that you have provided us with a lot of previous information regarding the…
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence session with the Welsh Government
And Stephen Rowan.
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence session with the Welsh Government
Thank you. Jonathan Moody.
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence session with the Welsh Government
Croeso, pawb. Welcome, everybody, to the final session of this morning's meeting of the Public Accounts and Public Administration Committee, which will be with Welsh Government officials giving evidence on Cardiff Airport. So, welcome to the witnesses. Could…
, Public Accounts and Public Administration Committee
Motion under Standing Order 17.42 to resolve to exclude the public from the meeting for item 4
So, I propose that, in accordance with Standing Order 17.42(ix), the committee resolves to meet in private for item 5 of today's meeting. Are all Members content? Thank you very much indeed. I apologise to those who are in the gallery who've had to come in…
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence Session with Cardiff Airport
Okay. Thank you very much indeed. In relation to Rhys ab Owen's comments earlier, I remember the 1970s very well, but I won't go into it further. [Laughter.] Shall I say, from punk rock back to glitter rock and from the power cuts through to hyper inflation…
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence Session with Cardiff Airport
Thank you. Before we conclude this session, I've just got one final question, if I may, very briefly: what do you anticipate the estimated costs to you will be of the Welsh Government's decision not to continue with the intra-Wales air service from Ynys Môn…
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence Session with Cardiff Airport
Rhys, are you content?
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence Session with Cardiff Airport
Thank you. I'll just comment that, although I represent north Wales and have travelled from the airport only by bus or in someone else's car, I do receive your bulletins. So, I don't know why I should and Mike shouldn't, but there we are. I'm going to hand…
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence Session with Cardiff Airport
Thank you. I'm going to hand over to Mike Hedges.
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence Session with Cardiff Airport
Thank you. Rhianon.
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence Session with Cardiff Airport
Okay, can I hand over to Natasha Asghar?
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence Session with Cardiff Airport
Thank you very much.
, Public Accounts and Public Administration Committee
Cardiff Airport: Evidence Session with Cardiff Airport
Is anybody else present who was party to that decision who can shed a light?
