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| Balfour Beatty announces sale of Exeter airport British infrastructure firm Balfour Beatty yesterday announced that it has sold its stake in Exeter Airport for an undisclosed sum. The stake has been sold to Patriot Aerospace, which also owns Coventry Airport and British International Helicopter Services. Balfour bought the airport for £60m in 2007 but the value of the investment was written down to zero in last year’s accounts. “We are pleased to have come to an arrangement with our joint venture partner and the funders that ensures the future viability of the airport for its staff and the local community it serves,” said Balfour Beatty chief executive Andrew McNaughton. write your comments about the article :: © 2013 Construction News :: home page |