18 MAY 2009

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Article from BTNews 18 MAY 2009

Bristol Lulsgate up for sale?

AUSTRALIAN Macquarie Bank has fuelled speculation by saying nothing about the possible sale of Bristol Lulsgate Airport.  The Australian bank declared net profits down 52% in the year up to 31 March 2009, the first fall in net profits in 17 years.  Soon after the  announcement, North Somerset Council members put forward a plan to try and purchase the airport from the bank but after a vote the whole council rejected the proposal.  The airport carried just over one million passengers in the first three months of 2009, down around 30% over the first quarter of 2008.  Plans call to double the size of the terminal and passenger numbers to 16m by 2016.  The airport scheme is not surprisingly opposed by local residents who point out that the A38 that passes by is essentially the same single carriageway road that existed 30 years ago. www.bristolairport.co.uk

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