History
Highlands and Islands Airports Limited was incorporated on March 4, 1986 by the Civil Aviation Authority. In 1995, ownership transferred from the CAA to the Secretary of State for Scotland, and to the Scottish Ministers upon devolution.
The company was criticized for a PFI deal signed to build a new terminal at Inverness Airport, which meant that HIAL had to pay £3.50 to the PFI operator for every passenger flying from the airport. In 2006, the PFI deal was cancelled, costing the Scottish Executive £27.5m.
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