UK’s Newcastle Airport has reportedly stated it has been put up for sale as local authorities that control it look to reduce ballooning debts (The Sunday Times/MarketWatch, 17-Apr-2011). Seven local authorities, which have a 51% stake in the airport, have reportedly appointed KPMG to advise them before debt repayments are due. A GBP320 million repayment is due in Dec-2013 on a loan the airport took on in 2006. The Sunday Times also reported that Copenhagen Airports, which owns the remaining 49%, is also keen to sell.
Rising debt forces Newcastle airport sale: reports
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The Global Airport Development (GAD World) conference was held in Lisbon, between 29-Nov and 01-Dec-2016. This CAPA report chronicles the presentations and debates that took place on the first two days, including selected ‘stream’ sessions on both days.
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