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02/04/2008
Ferrovial In Discussions To Sell Best Airport
Ferrovial is in talks with JP Morgan Asset Management to sell George Best Belfast City Airport.
The negotiations are part of the Spanish group's efforts to reduce its debt load of over €30 billion.
Belfast City Airport said that "Belfast City Airport is not currently on the market" and neither Ferrovial nor JPMorgan would comment on the prospective sale. However, a source close to the discussions confirmed they were happening.
Ferrovial bought the airport from the Canadian aircraft manufacturers Bombardier in 2003 for £35m and it is likely to that Ferrovial will seek up to £100m for the sale.
Ferrovial owns the troubled British Airports Authority (BAA), which operates the Gatwick, Stansted, Edinburgh, Glasgow, Aberdeen, Southampton and Heathrow airports.
JPMorgan Asset Management formed an infrastructural investment group two years ago and has since, steadily built up its portfolio of infrastructure assets.
(VB/JM)
The negotiations are part of the Spanish group's efforts to reduce its debt load of over €30 billion.
Belfast City Airport said that "Belfast City Airport is not currently on the market" and neither Ferrovial nor JPMorgan would comment on the prospective sale. However, a source close to the discussions confirmed they were happening.
Ferrovial bought the airport from the Canadian aircraft manufacturers Bombardier in 2003 for £35m and it is likely to that Ferrovial will seek up to £100m for the sale.
Ferrovial owns the troubled British Airports Authority (BAA), which operates the Gatwick, Stansted, Edinburgh, Glasgow, Aberdeen, Southampton and Heathrow airports.
JPMorgan Asset Management formed an infrastructural investment group two years ago and has since, steadily built up its portfolio of infrastructure assets.
(VB/JM)
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13 April 2011
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Bombardier announces sale of Belfast City Airport
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06 February 2003
bmi to concentrate services at Belfast City
bmi has announced that it is to discontinue its Heathrow service from Belfast International Airport (BIA) and concentrate resources in Belfast City Airport. However, bmi will maintain a presence at BAI as bmibaby will be including Belfast International as a destination to be served from a new UK base to be announced shortly.
bmi to concentrate services at Belfast City
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05 October 2001
British Midland step in to serve Heathrow
British Midland has announced that the airline will fly to London Heathrow from both Belfast City Airport and from Belfast International Airport.
British Midland step in to serve Heathrow
British Midland has announced that the airline will fly to London Heathrow from both Belfast City Airport and from Belfast International Airport.
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Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
