Will the Minister confirm the duties of Ministers in their role as stakeholders for WGC Holdco?
Answered by Deputy Minister for Climate Change | Answered on 23/01/2023
The Welsh Government, on behalf of the Welsh Ministers, operates Cardiff International Airport Ltd (CIAL) as an arms-length private limited company, with distinct separation achieved through WGC Holdco Limited (Holdco).
Holdco owns 100 per cent of the ordinary share capital. Holdco is a private limited company operated as a wholly owned commercial business, independent from the Welsh Ministers. Holdco monitors the airport on behalf of Welsh Ministers.