Published: 10:00, 02 April 2014 |
Updated: 09:39, 03 April 2014
The consortium that had been interested in taking over Manston Airport has withdrawn its offer and pulled the plug on the deal.
Staff at the airport were told at a meeting this morning about the development, which represents a significant blow to those hoping the airport could be kept open.
The identity of the would-be buyer has not been revealed.
Thanet North MP Roger Gale had been involved in trying to broker a deal between owner Ann Gloag and the prospective buyer, but it is not known why the potential deal has not worked out.
"I know what the asking price and the offer was and there was a considerable gap between the two" - Sir Roger Gale
Every morning at 10am we play you an hour of tunes from the 90s. We call it, #WeLoveThe90s.
Play 'Say It' with Garry and Laura on kmfm Breakfast and you could win £1,000!
Wake up to kmfm Breakfast with Garry and Laura - it's Kent's alarm call.
A guide for your future. For year 11 students in Kent and Medway. Click here for the e-edition.
Education, Training & Childcare is a special supplement published by KM Media Group four times a year. Click here for latest e-edition.
This is a brand new online resource covering every aspect of owning and improving a home in Kent and Medway.
Get the latest food and drink news, recipes from some of the nation's top chefs plus updates from Kent's vineyards and breweries.
Search in your local area to find your perfect partner in Kent, with FreshStart Dating! PLUS, register for free!.
Neil Miller, Hever Castle head gardener is new gardening blogger.
Buy pictures that you've seen in a KM newspaper, or send in a picture and we will place it on our photo sales website so that you can purchase a super, unique gift.