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| Balfour Beatty acquires Blackpool International Airport The United Kingdom-based Balfour Beatty announces that Regional and City Airports (RCA), its specialist airport investment and development group, has agreed to acquire 95% of Blackpool International Airport for £14 million in cash. The airport is being sold by Mar Properties, a large Northern Ireland-based property developer, and the transaction is subject to receiving the approval of the remaining minority shareholder, Blackpool Borough Council. The Council is supportive of the transaction, and this approval is expected to be received by 9 May 2008. Blackpool International Airport is situated one mile south of Blackpool town centre and has excellent road and rail links which provide fast access to the North West. Its current key customers include Jet2.com, Ryanair and Manx2.com and it provides an established base to a range of other air carriers and related aeronautical businesses. The airport is forecast to handle about half a million passengers in 2008, flying 12 routes to the UK, Ireland, Isle of Man and mainland European destinations. RCA acquired Exeter International Airport for £60 million in January 2007. Data from the Civil Aviation Authority (CAA) shows that Exeter is one of the fastest growing airports in the UK and the strongest growing airport in the South West, handling just over one million arriving and departing passengers in 2007. write your comments about the article :: © 2008 Construction News :: home page |