Council buys back Blackpool Airport for £4.25m
Blackpool Council has bought Blackpool Airport from Balfour Beatty, bringing it back into public ownership for the first time in 13 years.
The international infrastructure group has sold its 95% share in the airport to the council for £4.25m.
The local authority has retained a 5% stake in the airport since selling it to a consortium led by City Hopper Airports and Mar Properties in 2004 for £13m, before it was sold on to Balfour Beatty in 2008.
The airport was placed into administration in 2014, closing temporarily before... For the full story register now for free or login below...