Exeter Airport sale rumoured
Balfour Beatty is looking for a buyer for its 60% stake in Exeter International Airport, according to Sky News.
The construction company led a buy-out of the airport from Devon County Council for £60 million in 2007, but according to news reports it has begun early talks with parties who might be interested in buying its share.
In August last year, Balfour wrote down the value of its holding in Exeter Airport from £12m to zero, saying that "whilst underlying trading has not deteriorated we believe that the timing for recovery of passenger numbers has gone further out, particularly in the light of the imposition of increased Air Passenger Duty rates".
The remaining stake is held by Galaxy, a specialist fund backed by French and Italian investors and the European Commission.
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.































Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025