A regional airport will close next week with a loss of up to 150 jobs.
Manston Airport, in Kent, said it had failed to find an alternative viable option for staying open following a meeting with its staff.
Efforts had been under way since March to find a buyer for the airport, which had suffered losses of £10,000 a day, to save up to 150 mainly part-time jobs.
North Thanet Conservative MP Roger Gale said an unnamed American firm had come forward with a formal bid to buy the airport as a going concern but a in a statement Manston said the proposal had been rejected for “a number of reasons”.
Ann Gloag, who co-founded the Stagecoach Group, bought Manston Airport for £1 last year. She drafted in a team of experts, including Alastair Welch, the former managing director at Southend Airport, to help revive its fortunes and various options were explored. These included holding discussions with low-cost airline Ryanair about possibly bringing in new routes to Manston.