The Peel Group has agreed a five-year, major investment programme for Liverpool John Lennon Airport.
The agreement sees a reduction in the airport’s bank debt and new funding to include terminal refurbishment and expansion of facilities to accommodate future passenger and airline growth.
In the last 12 months the airport has seen an upsurge in business, bringing a 6% increase in passenger numbers for the first half of 2015 compared to the same period last year.
For the financial year 2013/14 Liverpool John Lennon Airport made an operating profit of £2.4m.
Peel Group chief executive Steven Underwood said: "We are delighted to have secured this new deal, which has allowed us to commit to the new investment programme. The future of Liverpool John Lennon Airport is strategically important to Peel, the wider city-region and, indeed, the Northern Powerhouse as a whole.
"We have invested more than £100 million in LJLA over the last 15 years and have overseen a transformation in the business."
