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Balfour Beatty may shut Blackpool International Airport
Balfour Beatty may be forced to shut Blackpool International Airport if it cannot find a buyer for the asset.
The construction firm has been seeking a buyer for the airport since August, and the deadline for its decision is today.
Andrew Gibbs, analyst at Investec, told City A.M.: “Blackpool has always been an issue, it’s always been loss-making and they have to address the decline in profitability.
“It unfortunately looks like Balfour won’t find anybody to take it off their hands. It all depends on the valuation of the asset.” Another analyst said the airport had been a wasted opportunity as Balfour had never developed the land.
A spokesman for the company said an announcement may be made this afternoon.