27 JULY 2015


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Article from BTNews 27 JULY 2015

Ghost airport sold

A ‘ghost airport’ in Spain which cost €1bn to build has been sold at a bankruptcy auction for €10,000 with completion in September.

Ciudad Real’s La Mancha Airport, also known as Don Quixote Airport, opened in 2008 but went bankrupt and closed in 2012 after it failed to attract interest from airlines. The site has lain abandoned since.

It should not be muddled up with another EU funded ‘white elephant’ Castellón-Costa Azahar Airport on the Mediterranean coast of Spain, 50 miles north of Valencia. (See BTN 16 March 2015)

Spanish news outlet Europa Press reports that this week the airport has invited bids at a bankruptcy auction – but so far they have only received one.

It is reported that a consortium of British and Asian investors under the banner of ‘Tzaneen International’ has placed a bid of just €10,000 – a fraction of the €1bn it cost to build.

The bid has not been topped by any other investors, meaning that if no other bids are placed by September, the site will be theirs for the bargain price.

The airport was originally put up for auction with a €100m price tag last year.  However, after it failed to attract any interest, it was reduced to €80m and subsequently €40m.  Again, no buyers came forward.  https://en.wikipedia.org/wiki/Ciudad_Real_Central_Airport

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