Balfour finally sells Blackpool airport

Blackpool Airport returns to public ownership after 13 years as Balfour Beatty sells stake

Blackpool Airport returns to public ownership after 13 years as Balfour Beatty sells stake

Balfour Beatty has agreed to sell its majority stake in Blackpool Airport to the council, as the local authority looks to protect the future of the site.

Blackpool Council last owned the airport in 2004, when it was sold to City Hopper Airports for £13m, before being sold on to Balfour Beatty in 2008.

The airport was placed into administration in 2014, closing temporarily before reopening with reduced capacity. But in recent years the airport has returned to profit thanks to a concentration of commercial and private flights.

Blackpool Council leader Simon Blackburn said: "We do not envisage the return of large scale passenger planes to the airport".

"As the current company stands, Blackpool Airport is profitable and as such we can be confident that the money for the purchase can be repaid". "It will also allow us to ensure that the airport itself can continue to operate as an important hub that can benefit the whole region". The goal of this acquisition is to safeguard the helicopter and other commercial airside activities that take place, build upon them and deliver our overall objective of creating up to 5,000 jobs on the Enterprise Zone site.

The infrastructure construction group said it will sell its 95% stake in the airport to the council for GBP4.3 million in cash.

The contractor also revealed today it had won a £10m deal with Chiltern District Council to extend Amersham town centre's multi-storey vehicle park.

The existing vehicle park, which is at full capacity, will remain operational throughout the project.

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