Manchester Airport ‘confident’ of funding position even if second wave hits
Manchester Airports Group (MAG) is confident it has established a "strong liquidity position" to get through the next year, even in the event of a second wave of coronavirus.
The group, which also owns Stansted and East Midlands airports, had raised £300m from shareholders during lockdown and it now believes it has adequate levels of funding past summer 2021.
The 10 borough councils of Greater Manchester own nearly two-thirds of the business, with Australian fund IFM Investors owning the remaining stake.
In a statement, MAG ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
