Balfour Beatty sells Blackpool Airport to Blackpool Council for £4.25mln

Cornelia Mascio
Settembre 13, 2017

Balfour Beatty has sold Blackpool Airport for £4.25m to Blackpool Council.

The council has acquired all shares in Regional &City Airports (Blackpool) Holdings Ltd and so now has 100% ownership of the airport site.

A Balfour Beatty spokesperson said: "The sale of Blackpool airport further simplifies the portfolio, in line with the group's strategy".

In 2014 Balfour announced the closure of Blackpool Airport, forcing airlines to shift routes to nearby airports, after the company failed to find a buyer for the asset.

At the time analysts said the company needed to address the airport's decline in profitability or it would struggle to offload the business.

Simon Blackburn, leader of Blackpool Council, said today's sale would protect the 30 people now employed by the airport, and said he would be concentrating on safeguarding the helicopter and commercial activities of the site.

"This move will protect the airport as a company, including the 30 jobs that are now employed there".

"Blackpool Airport is the largest area of land in our thriving Enterprise Zone and this purchase will help us ensure that the airport continues to play a big part in making our Enterprise Zone one of the most successful in the country". The council retained the remaining 5pc, while the rest was sold to Balfour Beatty in 2008.

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