Spanish airports operator Aena is reinforcing its UK presence by taking a majority share in a holding company that has large stakes in Leeds Bradford and Newcastle airports.

Aena is purchasing a 51% share of the holding company with the remaining 49% held by InfraBridge.

The holding company wholly owns Leeds Bradford and has a 49% share of Newcastle airport. Seven local councils collectively hold the balance in Newcastle.

Leeds Bradford-c-Leeds Bradford airport

Aena says it will acquire its interest in the two northern England airports – which handled a combined total of 9.5 million passengers last year – for £270 million ($361 million).

It expects the transaction to close in the second quarter of next year.

InfraBridge is the owner of a 49% stake in London Luton airport in which Aena already has a 51% share.

Aena chief Maurici Lucena says the deal is a “significant step” for the company, adding that it is seeking to “selectively grow” in areas where it already has a presence, “to create value for public and private shareholders”.

Leeds Bradford and Newcastle are key bases for UK budget leisure carrier Jet2.





Source link

Posted in
Uncategorized
Related Posts
Limousine Comments are Closed

Plan the perfect NYC Memorial Day weekend

Pack only what you need and avoid overpacking to streamline the check-in and security screening…

News Comments are Closed

LA’s worst traffic areas and how to avoid them

Consider using alternative routes, such as Sepulveda Boulevard, which runs parallel to the 405 in…

EDGE, Indra sign pact to establish Spanish loitering munition joint venture

United Arab Emirates defence house EDGE has signed an agreement with Spanish company Indra “focused…

Virgin Atlantic agrees sale-and-leaseback of six A330neos

Virgin Atlantic Airways has entered a sale and leaseback agreement with Irish-based lessor AerCap covering…

Ex-Red Wing chief’s firm takes over three Volga-Dnepr Group companies

Russia’s state register of legal entities indicates that three divisions of Volga-Dnepr Group have been…

Eastern Airways administrators line up partial resurrection through Air Kilroe sale

Insolvency specialists handling the collapse of Eastern Airways are hopeful the carrier can live on,…

Airbus exceeds revised delivery target but total stays below 800

Airbus delivered 793 commercial aircraft last year, just above its target of 790 – although…

Airbus amends de-icing checklists after ditch-button slips trigger cabin-altitude alerts

Airbus has updated de-icing checklists after a number of incidents in which aircraft have failed…

Denmark advances on Lockheed Martin AGM-114R Hellfire missile acquisition from USA

Denmark has secured approval from the US Department of State to advance a planned acquisition…

Turkish Airlines embarks on major infrastructure projects including cargo and MRO centres

Turkish Airlines has participated in groundbreaking ceremonies for multiple infrastructure projects including Turkish Technic’s engine…

IAG names successor as finance chief Cadbury steps down

British Airways and Iberia parent company IAG’s chief financial officer, Nicholas Cadbury, is to step…

Post a comment

Your email address will not be published.