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| Cardiff Airport 'worth £20m-£30m', ministers were told | |
| (35 minutes later) | |
| Ministers were told Cardiff Airport was worth £20m-£30m, months before the Welsh government bought it for £52m. | |
| BBC Wales understands the estimate from accountants KPMG appears in a report to be published by the Wales Audit Office. | BBC Wales understands the estimate from accountants KPMG appears in a report to be published by the Wales Audit Office. |
| Despite the advice, it is understood ministers offered £41m, increased to £55m after further advice from Arup, with an eventual sale at £52m in 2013. | |
| Bristol Airport chief executive Robert Sinclair had claimed the purchase price was well above market value. | Bristol Airport chief executive Robert Sinclair had claimed the purchase price was well above market value. |
| The Welsh government's purchase of Cardiff Airport from its Spanish owners Abertis followed years of concern about its performance and long-term viability. | |
| First Minister Carwyn Jones defended the deal at the time as a means of securing the airport's future as "a vital gateway to Wales", and said it would be run at arm's length from government. | |
| The Welsh Conservatives demanded proof that "nationalising" the airport was value for money. | |
| The revelations about advice to ministers came as airport chairman Roger Lewis called on the UK government to give Welsh ministers the right to cut air passenger duty as a means of boosting the airport's fortunes. |