UK regional airports set to be sold to investment group
Summary
Exeter Airport, along with airports in Bournemouth and Norwich, is set to be sold to the investment firm ICG in a deal worth about £200 million. The current owner, Rigby Group, is selling these airports but has not commented publicly on the transaction. The sale has been communicated to key business leaders in the South West of England.Key Facts
- Exeter Airport and two other airports in England will be sold for about £200 million.
- The buyer, investment firm ICG, agreed to the deal with Rigby Group.
- Exeter Airport opened in 1937 and has flights to places like Amsterdam and Lanzarote.
- It was a base for fighter planes during World War Two.
- The airport made a profit after the Covid-19 pandemic, with an increase in passenger numbers.
- Exeter Airport was previously sold by Devon County Council in 2007 for £60 million.
- The airport saw a passenger increase of 8% from the previous year.
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