908. Public airport companies.

A 'public airport company' is a company which carries on the business of operating an airport as a commercial undertaking and which is for the time being a subsidiary of a single principal council1 or of two or more such councils2. A public airport company must be a company limited by shares and must be registered under the Companies Act 20063.

At least three of the directors of the company, or at least one quarter of their number (whichever is less), must be full-time employees of the company who are qualified to act as directors of the company by virtue