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MADRID – One of Spain’s “ghost airports” — expensive projects that were virtually unused — received just one bid in a bankruptcy auction after costing some 1.1 billion euros ($1.2 billion) to build. The buyer’s offer: 10,000 euros.
Ciudad Real’s Central airport, about 235 kilometres (150 miles) south of Madrid, became a symbol of the country’s wasteful spending during a construction boom that ended with the financial crisis of 2008, the year the airport opened.
The operator of the airport went bankrupt in 2012 after it failed to draw enough traffic.
Spanish news agency Europa Press said Chinese group Tzaneen International tabled the bid in Friday’s auction. The receiver had set a minimum price of 28 million euros. If no better bid is received by September, the sale will go through.
The post Spanish ‘ghost airport’ that cost millions attracts single meagre bid at bankruptcy auction appeared first on Canadian Business – Your Source For Business News.

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Sandy Winick, 57, pleaded guilty to conspiring to commit wire fraud

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Canadians may be welcoming the advent of cheaper borrowing, but the financial prospects for Greece are much bleaker this week as that country tries to get its bloated debt load under control. The CBC’s Jacqueline Hansen gets you caught up on the week that was in her weekly video recap.

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John Cucchiella, senior vice-president and head of retail for Dundee Goodman Private Wealth, was dismissed from the company early Wednesday, according to a source

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ST. JOHN’S, N.L. – British Columbia’s premier waded into the national unity debate Friday, dismissing the chances of the Parti Quebecois reigniting separatist fervour in the province.
Speaking at meetings of Canada’s premiers in St. John’s, N.L., Christy Clark said the PQ had failed in past attempts to break up Canada and wouldn’t have any more success in the future.
She said that’s because Quebecers are no different from British Columbians.
“There is a generation of people who are forward looking global citizens who are interested in creating wealth, building their lives, being able to be a part of the world — not just a part of Quebec or a part of Canada,” said Clark.
Clark said she thinks issues of governance and the Constitution are less important to Canadians, who are interested in how the country participates globally.
Quebec is also a different place than it was 20 or 30 years ago, she added.
PQ Leader Pierre Karl Peladeau became leader of the party in May and immediately reiterated that he will settle for nothing less in the future than an independent Quebec…

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