Posts: 2298
Joined: Tue Dec 02, 2003 7:51 pm

Is Luton Airport Up For Sale?

Sat Oct 09, 2004 5:14 am

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§ion=finance

TBI Trading Statement (Requires Microsoft Word) -

Popular Searches On

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos