New owners at Blackpool International Airport
Tue, 06 May, 2008
Construction group Balfour Beatty is to by a 95 per cent stake in Blackpool Airport - a move described by Blackpool council leader Peter Callow as "great news" for the town.
The company's airport investment and development group Regional and City Airports (RCA) will run the north-west hub following a £14 million deal.
According to Mr Callow, the new owner will be able to take the airport to even higher levels than it has achieved in recent years.
Over the last few years, the gateway to the north-west has seen various developments, including changes to car parking space in the early months of 2006.
"I know [Balfour Beatty has] very exciting plans for the future which will see expansion of both flights and facilities," said Mr Callow.
In January 2007, RCA bought Exeter International Airport for a fee of £60 million. The deal with Blackpool involves the local council maintaining a five per cent stake.