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Ferrovial 'looking to sell Belfast City Airport'

Grupo Ferrovial SA is in talks with JP Morgan Asset Management to sell George Best Belfast City Airport, the Independent reports.

Ferrovial is the owner of BAA (the British Airports Authority), which operates major UK airports including Heathrow, Gatwick, Stansted, Edinburgh and Glasgow.

The move to offload Belfast's smaller airport is aimed at reducing its debt burden of more than £24 million.

Although Ferrovial and JP Morgan were both mute on the matter, a source close to the talks told the Independent that they were in fact going ahead.

Belfast City Airport has been growing rapidly in recent years and operates flights from the likes of Ryanair, BMI and Flybe. Ferrovial could seek up to £100 million for its sale.

Recent new routes established at the airport include a link from Dundee by Loganair, under a franchise agreement with Flybe.

Other cities from which visitors can fly to the hub include London Heathrow, Birmingham and Manchester.
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02 April 2008

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Other Belfast Airline News

Aer Lingus beats Belfast targets - 11 December

Aer Lingus has surpassed the targets it set itself for its first year at Belfast International Airport.

Belfast City Airport applies for runway extension - 17 November

George Best Belfast City Airport has applied for an extension of its runway in the direction of Belfast Lough.

Summer schedule for easyJet announced - 13 November

The schedule of flights to and from Belfast that will be included in easyJet's summer timetable have been announced.

New flights to Highlands and Islands for Belfast - 23 October

A number of new flight routes have been launched that will see Belfast linked to the Highlands and Islands of Scotland.

Passenger boost for Belfast City Airport - 17 October

Belfast George Best City Airport is set to cater for an extra half a million passengers a year after planning restrictions were altered.

More Dublin travellers flying from Belfast - 13 October

More passengers from the Republic of Ireland are going through Belfast International Airport's gates because it is a far more comfortable process, it has been claimed.

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