Airport 'not for sale'
06.04.08
Belfast City Airport have insisted that the facility is not on the market. Speculation has been rising recently that Ferrovial, the Spanish construction company which owns the facility, is considering selling it in a bid to reduce its debt burden of more than £23 billion.
Ferrovial bought the airport from Canada’s Bombardier in 2003 for £35 million, but analysts say the Spanish company could sell it for £150 - £200 million. However, spokesman for the airport said: ‘Recently there has been much media speculation surrounding the future ownership of the Belfast City Airport. I can clarify the specific media speculation by stating that no approach, in any form, has been made by the investment bank JP Morgan regarding a possible sale of the airport.'
‘It is understandable that in the current climate and in light of ongoing activities at BAA [also owned by Ferrovial] there will be speculation regarding Ferrovial’s assets, however, Belfast City Airport is not currently on the market.’
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