25 AUGUST 2014

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Article from BTNews 25 AUGUST 2014

Norwich Airport ownership

The Rigby Group, which also owns Coventry and Exeter airports, and manages Blackpool and Londonderry, is now the 80.1% shareholder of Norwich International Airport.  Norwich City Council and Norfolk County Council remain as minority shareholders.

All passengers using the airport have to shell out for a £10 local tax (called a development fee) which is extra to the charges that the airlines pay.  However children under the age of 15 (why 15 and not school children one might ask) are free and there is a courtesy wi-fi.

Sir Peter Rigby, Group Chairman and Chief Executive, said: “Regional airports are vitally important to the economic development of regions, not just in the UK but across the world.”

"To survive and prosper, smaller regional airports need to cooperate and collaborate – enabling them to benefit from the economies of scale and sharing of best practice traditionally enjoyed by larger hub airports.”

Rigby Group acquired Exeter Airport last year for £6m having purchased Coventry Airport from administration for an undisclosed sum in 2010. www.norwichairport.co.uk

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