Latest on Exeter Airport Sale
Taken from the Exeter Express and Echo
Exeter International Airport is set to be sold to two of the world’s leading players in the transport and aviation industries, the Echo can exclusively reveal.
Sources have confirmed that a consortium made up of Balfour Beatty and London City Airport has been selected by Devon County Council as the preferred bidder to buy the airport.
The Echo understands that council leaders believe the alliance offers the best deal and will secure the long term future of the airport.
The council will now enter detailed negotiations with the consortium to try to close the deal and complete the sell-off.
If the sale is successful, the deal is set to unlock millions of pounds to be invested in the rapidly growing airport.
It is understood that Balfour Beatty and London City Airport alliance beat off competition from five other shortlisted bidders who had been fighting it out to buy the airport, estimated to be worth up to £60 million.
Business leaders are expected to welcome news that a preferred bidder for the airport has been found.