Manston Airport in Kent, Southeast England, is set to close May 15 despite an eleventh hour offer from US investment firm RiverOak to purchase the loss-making facility. The offer from RiverOak, believed to be around £5 million ($8.5 million), “is significantly higher than the entire capital investment expended by the current owner since Manston was purchased in November of last year,” the US company said in a statement. Manston, which has the fourth-longest runway in the ...

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