Originally Posted by
SWBKCB
Manchester Airport Group is majority owned by local authorities, who should have at least half an eye on the local economy.
Complete at arms length of the local councils these days with two primary divisons “Holdings” and “Investments ” with several other smaller instruments .
The councils have no input day to day or even annually of significance in the structure, operations or indeed investment or infrastructure processes.
Right now they aren’t even getting the dividends as the Group continues to focus on strengthening the balance sheet post COVID..
They do have nearly £600 million of cash reserves and a credit rating of BBB so have a foundation to move forwards as a group with some further structural changes in the next few years
With steady growth at both Manchester and Stansted returns to dividend payments could be expected around 2026
At the right price the international division “might” have some facilities for acquisitions but where idk.