Back at the end of May I mentioned that Belfast City Airport was up for sale. Having bought BAA, Ferrovial were needing to recoup some cash to lessen their estimated €30bn debt ... though the forced sale of Stansted and/or Gatwick may help too!
“with the sale, the vendors have more than trebled their money in five years.”
Ferrovial reckon that their “gains from the sale of BCA will be approximately 85.6 million pounds sterling” ... wish I had a spare airport to sell!
When the deal closed at the end of September, the new owners will get to grapple with the issue of the much needed but locally unpopular runway extension that still hasn’t been sorted.