Coventry Airport gets new owner?

COVENTRY AIRPORT has a potential purchaser.  Closed just before Christmas due to the insolvency of the leaseholder, West Midlands International Airport Ltd, several companies were known to be considering a bid for the airport whose tenants include Air Atlantique Classic Flight and cargo airline West Atlantic.  ADP, a Swiss concern ultimately owned by a subsidiary of Westcore Properties, a leading commercial real estate and public infrastructure investment company headquartered in San Diego (USA), is now undertaking “due diligence” with a 15 March target date.  The freehold of the airport is held by Coventry City Council, whilst most of the site comes under the jurisdiction of Warwickshire Country Council. www.coventryairport.co.uk

Index/Home page
 

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum