6 AUGUST 2012

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Article from BTNews 6 AUGUST 2012

Humberside Airport sold

Manchester Airports Group (MAG) has sold its 82.7% shareholding in Humberside Airport to airline operator Eastern Group whose home base it is.  No sum was mentioned.  Presently the airport, south of the Humber Bridge, serves Aberdeen (Eastern) four times daily, and Amsterdam (KLM) three times daily and offers holiday charter flights to various sun destinations.  North Lincolnshire Council will retain its minority stake in the airport.

Bryan Huxford, Chairman of Eastern Group, said: “We are making a strategic financial investment acquiring Humberside Airport.  The airport has potential for growth, and under the present airport management team, supported by Eastern Group, will develop in accordance with the business plan already in place.”

The current airport management team will continue to manage the operation following the change of ownership.

In terms of passenger numbers the airport peaked in 2006 with 520,956, but last year only saw a throughput of 274, 609, the worst figures in a decade.  Amsterdam is easily the most popular destination with its worldwide connections counting for about half the airport's throughput.  Cargo continues to grow. www.humbersideairport.com

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