In a statement issued through a local councillors Facebook page, the statement reads the following:
The Councils latest statement in response to the Airshows press release this week following the cancellation, reads:
"South Ayrshire Council does not recognise the version of events which the organisers have set out in their press statement."
"We reiterate that we have a duty to make sure public money is used only for agreed purposes. The funding contract is available to view on our website."
"The organisers accept in their statement that they did not have the required reserves; did not respond in the timescales required; did not repay the sums as required; and used the sums to pay creditors from 2018. The organiser’s failure to respond to our requests for information, and these breaches of the agreement, have led to a breakdown in our trust and confidence in them."
"We have therefore, been left with no choice but to terminate the contract and withdraw public funding from the event."
You can read the Airshows full statement here as the Council pull £250,000 funding, causing organisers to have no option but to cancel the event.