Blackpool International Airport sold
Wednesday, May 7th, 2008Blackpool International Airport has been sold to Balfour Beatty. The international construction and investment group has purchased 95% of the regional airport from Mar Properties, a Northern-Ireland based property developer.
The sale is subject to the approval of Blackpool Borough Council, a minority shareholder. The council support the deal and are expected to give the go ahead later this week.
Balfour Beatty Chief Executive, Ian Tyler, said ‘Blackpool International is a well-located airport with the potential to become a thriving international gateway to Lancashire and Cumbria. We will work together with the airlines and our local partners to help increase its penetration within this core catchment area and to play its part in attracting inbound visitors to the region. We believe that our approach will deliver significant, sustained growth in passenger traffic at the airport and will generate important economic benefits for it and for Blackpool. Our aim is to develop Blackpool to be the airport of choice for residents, businesses and visitors of Lancashire and Cumbria.’