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Newcastle Airport owners buy Leeds Bradford
Newcastle Airport’s Australian owners AMP Capital have bought Leeds Bradford airport in a deal that is understood to be worth £220 million.
AMP, which also has stakes in Melbourne and Port Hedland International airports, has bought Leeds Bradford from private equity house Bridgepoint.
According to a report in The Telegraph, the price paid by AMP includes the company’s debt.
Aer Lingus, Eastern Airways, Flybe, Jet2 and Ryanair all operate flights from Leeds Bradford.
AMP’s head of origination, Europe, Simon Ellis said the Yorkshire and Humber region was one of the fastest-growing in the UK, with a population growth of 6% since 2001. As a result, it said there was potential for further route development.
During the past five years, passenger numbers have risen almost 40%.
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Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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