The UK's Manston Airport is set to hold consultation over its possible closure in response to massive financial losses, a move which is expected to put more than 150 jobs at risk.
The staff has been advised of the 45-day consultation, while the airport plans to continue its normal operations during the period of consultation.
According to Manston Airport it can be confirmed that the airport has commenced a process of consultation over the possible orderly closure, following a meeting with staff at Manston airport in Kent on 19 March.
The airport was bought by Scottish businesswoman Ann Gloag for £1 in October 2013 from its New Zealand owner, Infratil.
A month after buying the airport, Gloag said: "Whilst this is a loss-making airport, I hope that with the co-operation of our neighbours and the wider community of Kent, the airport partners and staff, we can capitalise on the opportunities available to give Kent the best chance possible of having a successful and vibrant airport."
Gloag had selected a team of experts to help revive the loss-making airport, which included discussions with Ryanair airline to introduce new routes to Manston.
However, the plans fell through when the low-cost airline issued its second profits warning, and noted that that it would be affected by the downward pressure on fares.
Additionally, plans of Manston Airport's new owners to pursue opportunities with cargo flights could not be materialised.
Image: Aerial view of Manston Airport. Photo: courtesy of James Stewart.