Ann Gloag, one of Scotland's richest women, has turned down an American firm's formal bid for her closure-threatened Manston Airport in Kent.
Stagecoach co-founder Ms Gloag had acquired Manston Airport for ?1 million in 2013; but in March this year, she decided to close the airport because it was suffering a loss of ?10, 000 per day. The decision put more than 150 jobs at risk.