Manchester Airport overhaul hints at interest in BAA sites
MANCHESTER Airport could make a bid for one of BAA’s airports in the coming months, after its supervisors laid out a new ownership structure to allow it to expand.
Manchester Airport Group is in talks with the local councils that own it, with a view to attracting a private investor to beef up its purchasing power.
The group, which also owns Bournemouth and the East Midlands airports, said in a statement that it is looking to “deliver maximum value for the local authority shareholders” and had not yet singled out its first expansion target.
But BAA has recently put its Stansted and Edinburgh airports on the markets after losing appeals against a competition order.
MAG “will begin to invite detailed proposals from private investors” while it works with the local authorities to change its ownership structure, it said.