Part of the debate – in the Senedd at 4:30 pm on 10 March 2020.
Diolch, Dirprwy Llywydd. I really am grateful for all Members' contributions this afternoon, especially to those Members who are supporting our motion, and to those Members on the Conservative benches who are now backing the Welsh Government position against UK Government policy.
I do feel that it is most important that we recognise that it's our collective responsibility to support and promote the airport—not to run it down on social media or to use it as a political football. You would never, never, ever hear elected public servants running down John F. Kennedy airport or Charles de Gaulle airport, or any other of the world's publicly owned airports.
Let me be absolutely clear, we will not allow Cardiff Airport to fall out of the control of the public of Wales, and operating on their behalf, the Welsh Government. Our position today remains consistent with our position in 2013, in 2014, in 2015, right through to the present day. We are, of course, open to private sector investment in the airport, and the potential for the private sector to take a stake, but we as a Welsh Government took back control of that vitally important piece of infrastructure, and we will retain control on behalf of the people of Wales.
A question was asked of me by Russell George—a very important question about what aviation experts believe is in the best interests of the world's airports: whether they should be publicly owned or privately owned. Now, when we talk about experts, Donald Trump, the President of the United States, he likes to consider himself an expert in lots and lots and lots of things, but you don't hear him rushing to try to find buyers in the private sector for all of those publicly owned airports in the United States. And as Helen Mary Jones said, public ownership is the global norm. In fact, around 85 per cent of the world's airports that carry passengers are publicly owned.
Now, I did hear David Melding joking, I think, about David Rowlands not being a capitalist anymore because he's a supporter of the public ownership of the airport, but you wouldn’t accuse President Donald Trump or former New York Mayor, Rudy Giuliani, or any of the other right-wing supporters of public ownership of airports in the US of not being capitalists. You would not accuse Nicolas Sarkozy and you wouldn't have accused Jacques Chirac of being anti-capitalist for their support of public ownership of Charles de Gaulle and many, many other airports in France.
Now, at the start of this debate, I offered to work collectively with Members in this Chamber, and that still stands. But, please, do not use carefully selected statistics and present them in a way that's designed to skewer the future of the airport. And today, I think that statistic that is most often used by those who wish to talk down the airport was once again raised, and it concerns the loan—the investment—that's being made in the airport. But as Jenny Rathbone rightly identified, that relatively small amount of investment in Cardiff Airport pales into insignificance against some of the debt that many other airports have, including Bristol Airport that currently carries a debt burden of more than £0.5 billion.
Now, Nick Ramsay, I thought, made a vitally important point—that it's essential that we consider the impact of the collapse of any airlines when we consider supporting the airport with commercial loans. I can tell Members that, as part of our due diligence, we stress-tested the financial strength of the airport against the collapse of Flybe. Now, Cardiff Airport is not in the same position that many other small regional airports are in today as a consequence of Flybe's collapse—airports such as Southampton, where 95 per cent of traffic was provided by Flybe, or other airports that are in similar positions, such as Belfast or Exeter—and that's because of the diversification that's taken place at the airport in the last two years. It was interesting last week, Dirprwy Llywydd, that the BBC re-ran a story online from 2018. The headline was something along the lines of 'Collapse of Flybe would be devastating for Cardiff Airport'. That is not the case today, but it would have been the case in 2018. I am convinced that, had the Conservatives won the election in 2016 and sold off the airport after that election, then today, as a consequence of Flybe's collapse, the airport would have collapsed as well.