London Southend Airport up for sale
The cash-strapped owner of London Southend Airport has put it up for sale.
Esken is seeking a buyer for the airport as well as its renewables business.
This is despite a £50 million borrowing facility last year to keep its businesses afloat.
“The interests of all stakeholders would be best served by seeking a new owner for each of the core businesses,” it said.
Esken shares sank 25% and is down by two-thirds over the past year.
Southend Airport only recently signed a new agreement with easyJet to boost flights.
This includes a new Amsterdam route.
It also flies to Malaga, Palma and Faro.
The airport only reopened last summer after a long pandemic closure.
Airport revenues were £25.5 million.
Esken bought the airport for £21 million in 2008.
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