Peel loosens its airport ties

LIVERPOOL AIRPORT, and Peel Airports, is to have a new 65% shareholder, the Canadian operator Vancouver Airport Services (YVRAS).  Peel owns Liverpool John Lennon Airport, Robin Hood Airport near Doncaster and has a 75% stake in Durham Tees Valley Airport.  YVRAS, which is jointly owned by Vancouver Airport Authority and Citi Infrastructure Investors, operates 16 airports around the world.  Peel is a major UK infrastructure company which owns the Manchester Ship Canal and is the country’s second largest port operator.  Over the last 20 years Peel has changed Liverpool from what was very much a rundown secondary operation into John Lennon Liverpool Airport, a fine gateway into the city.  Mark Whitworth, Chief Executive of Peel Airports, is replaced by Craig Richmond, who was running Nassau Airport in the Bahamas for YVRAS. www.yvras.com www.peel.co.uk

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