4 NOVEMBER 2013

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Article from BTNews 4 NOVEMBER 2013

Luton Airport sale

The reason for the delayed sale of Luton Airport seems to be unravelling.
 
The proposed purchaser Aena is state owned by Spain who in turn is seeking three to five core investors to buy 20-30% of the debt-burdened airport operator.  According to an official report it may then float further shares to leave 60% of the company in private hands.

Spain has struggled for years to privatise Aena, which operates 46 Spanish airports and has stakes in 14 Latin American airports plus Luton.  The last attempt was cancelled in 2011 as Spain's deep economic and fiscal crisis made it difficult to get a good price.

It does seem that the Luton ownership will not be sorted until Aena is on a firmer footing but the airport has expressed confidence for both planning and ownership with the issue of a notice to the construction industry that it will shortly go out to tender for a project to include a new pier, central terminal area, two-lane traffic approach and runway improvements.  Pascall & Watson Architects have been commissioned to design the new terminal ahead of a bid competition. www.londonluton.com

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