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Belfast City Airport 'sale talks'

01.04.08

Belfast City Airport is at the centre of talks which could lead to its sale by its Spanish owners, the Belfast News Letter has revealled. Ferrovial, the Madrid-based construction company that also owns BAA, is in discussions with London-based investment bank JP Morgan regarding a possible sale, the newspaper reports.

The newspaper quotes 'sources' saying that up to 8 parties have expressed interest in buying the airport and that Ferrovial was aiming to sell the airport for between £100m and £150m. Brian Ambrose, Belfast City's chief executive, refused to confirm to the newspaper that negotiations were taking place but said that a sale may be possible.

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