A bit more background on the sale
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Ernst & Young is the lead advisor on the imminent sale of Leeds Bradford International. Leeds Bradford Airport is at the heart of one of the most dynamic regions in the UK. The airport has just celebrated its 75th anniversary and has an exciting masterplan for the next decade to develop new routes and services. The current capacity for transporting passengers out of Leeds Bradford is only three million people per year. The deal will enable significant growth and profitability resulting in this figure more than doubling to seven million by 2030.
On 13 November 2006, the transaction information will be released into the public domain in the form of the pre-qualifying questionnaire and marketing flier, with the shortlist of bidders chosen in the New Year. A preferred bidder is to be selected by March 2007 and the completion is expected to be finalised only a month later.
Richard Tollis, Aviation partner, Ernst & Young says: "We are already seeing strong interest in this transaction from the market, based on development prospects for the business - and perhaps because this may be the last opportunity to acquire a privatising regional airport in the UK". To register interest in the sale contact: