The UK’s Peel Airports Ltd, a consortium of Peel Holdings and Canada’s Vancouver Airport Services (YVRAS) has decided to sell its majority (75%) shareholding in Durham Tees Valley Airport (DTVA) in northeast England. Passenger traffic has been falling steadily since 2006. An urgent search is under way to identify new owners who are prepared to invest to make the airport – situated in what can best be described as a post-industrial region on an industrial scale – viable.
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