Esken group has high hopes for London’s ‘sixth airport’ at Southend

Premium Analysis

London has one of the highest ratios of airports serving it. There are six in total that carry the 'London' prefix.

The smallest by passenger numbers is London Southend, which is 45 miles (70km) to the east on the Essex coast, but before the pandemic it was by far the fastest growing, albeit from a small base.

Its owner, 'Esken', previously the Stobart Group, had been approached to sell its airports and airline business but that fell through. Now Esken has done a deal with the US private equity firm Carlyle, by way of one of its funds, for a large loan that should secure its financial future and could lead to Carlyle subsequently converting some of the loan into equity.

Now the challenge facing Esken is to regrow the airport faster and better than its much bigger rivals, but it does have some advantages.

Become a CAPA Member to access Analysis Reports

This CAPA Premium Analysis Report is 3,067 words.
Become a CAPA Member

Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.

Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.

CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.