Humberside Airport Operator Reviewing Majority Stake

The owner of Humberside Airport announced on Friday (April 25th) that it is currently examining its 82.7 per cent majority shareholding in the hub.

The Manchester Airports Group (MAG), which is the second largest airports operator in Britain, has stated that a possible transfer of ownership should be considered in order to "secure the best long-term future" for Humberside Airport.

Nearly £7 million in capital expenditure has been invested in the airport by MAG since 1999, when the company purchased its majority stake for £10 million.

Geoff Muirhead, chief executive of MAG, commented: "Humberside Airport is a solid business but the attention needed to maximise its full potential may not fit easily with the Group's emerging strategy.

"The Humberside Airport team has done a fantastic job retaining and attracting airlines and maintaining stable passenger numbers, particularly during the last few years when competition has increased significantly."

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