1 APRIL 2013
© 2022 Business Travel News Ltd.
Originally privatised in 1995 to a British concern, TBI, Cardiff Airport has been bought back for £52m by the Welsh Government. TBI is now owned mainly by the Spanish company Abertis with a minority stake held by the Spanish airports’ operator AENA. It also is responsible for Belfast and Luton airports, both of which are up for sale.
"First Minister Carwyn Jones said it would not be operated by the Government and would be managed "at arm's length" and "on a commercial basis".
Mr Jones has been critical of the airport after a slump in passenger numbers from a peak of two million in 2007 to just over one million in 2012. Amsterdam (KLM) and Dublin (Aer Lingus/Aer Arran) are the two busiest current routes.
Rival airport Bristol has raised concerns that Cardiff would unfairly benefit from state support.
Reaction has been mixed to the announcement but almost everyone agrees a thriving airport would be good for the economy.
At the present time the airport does not have a Chief Executive and that the post will be advertised in the near future. www.cwlfly.com
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