Newcastle airport set for sale auction

Newcastle airport set for sale auction

Copenhagen Airports is set to spark an auction by inviting bids for its 49% stake in Newcastle airport, according to a weekend report.

The northeast airport has attracted interest from various infrastructure firms including 3i, Antin and Australian fund IFM, the Sunday Times reported.

Seven local councils will retain their 51% holding in the airport.

The airport’s owners are also in talks over restructuring its debts with a £320 million repayment due in December 2013.

Newcastle airport handled 4.4 million passengers in 2010 with airlines serving 80 destinations.

Comments

This is a community-moderated forum.
All post are the individual views of the respective commenter and are not the expressed views of Travel Weekly.
By posting your comments you agree to accept our Terms & Conditions.

More in News