Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Is Luton Airport Up For Sale?  
User currently offlineGilesdavies From United Kingdom, joined Dec 2003, 3001 posts, RR: 2
Posted (9 years 9 months 2 weeks 4 days 16 hours ago) and read 3059 times:

It has been annouced today in the papers that shareholders of the TBI Group which owns Luton Airport along with Cardiff, Belfast International, Orlando Sanford and Stockholm Skavsta want the company spliting up and potentially leaves other airport operators to come along and purchase these airports on an individual basis.

With Luton growing at such a phenominal rate in recent months (has grown 9% in the last quarter) and with many new routes to be launched in the coming months this could potentially take passenger numbers up to 9 -10 million by the end of 2005. This will leave many operators interested. I am wondering if the Manchester Airport Group or possibly BAA would be interested in taking it over.

What do you think?

On a seperate note the TBI group made a quarterly trading announcement yesterday and indicated there is going to be major expansion to the terminal. - Anyone have any details of this?

"Overall passenger numbers at London Luton increased by 9% during the six months to 30 September 2004. Both easyJet and Ryanair announced significant expansion of their respective services out of Luton in July. easyJet will increase its capacity by 25% adding three new aircraft and Ryanair has committed four new aircraft and nine new routes to this location. This additional traffic has not yet started and accordingly whilst such growth in low cost traffic volumes is clearly encouraging, the benefit of any extra revenue is not expected to impact in the current year.

An extensive expansion programme at London Luton has now commenced. Due to complete in July 2005, this involves a significant capital investment in the facilities at the airport, which will deliver a new security hall to the first floor of the existing terminal building and a new airside facility to handle all passengers travelling through the airport. The new airside facility will be some 9,000 sqm – and will almost treble the retail and catering space. In addition, there will be a new walkway and exits, a new immigration hall, new arrivals and onward travel area and additional ramp and gates."


News from Reuters http://www.reuters.co.uk/newsPackageArticle.jhtml?type=stocksAndSharesNews&storyID=599172&src=eDialog/GetContent§ion=finance

TBI Trading Statement (Requires Microsoft Word) - http://www.tbiplc.co.uk/viewNews.asp?section=news&newsID=73



Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Astraeus Up For Sale posted Sun Jun 4 2006 14:00:01 by Humberside
LGW To Be Put Up For Sale? posted Sun Jun 4 2006 13:55:19 by VV701
20% Of BMI Up For Sale - Who Will Buy Them? posted Thu Jan 27 2005 00:45:32 by Gilesdavies
Next Airline To Be Up For Sale posted Wed Nov 10 2004 22:00:31 by BMI701EGCC
Rumour: BBD Has Learjet & De Havilland Up For Sale posted Mon Jul 19 2004 16:15:56 by Planemaker
5x 744s And 4x 777s Put Up For Sale By UA posted Fri May 7 2004 14:40:42 by Na
United 767-222s Up For Sale posted Sat Feb 7 2004 06:07:29 by Spacepope
What Is Kaitak Airport Used For These Days? posted Thu Oct 17 2002 11:11:53 by Bobcat
I Didn't Realize US Airways' 767s Were Up For Sale posted Tue Oct 1 2002 04:36:18 by John
US Airways Puts B757 Fleet Up For Sale posted Wed Jul 31 2002 01:16:09 by DeltaSFO