Peel are looking for investment partners in their Peel Airports arm, which seeing the state of the economy at the moment, is a bit optomistic. They did a while back sell 49% of the Port of Liverpool for £775m which they had previously bought for £770m, a tidy profit over such a short time. However I cannot see that this time they will be so successful in attracting investors.
The announced £12m additional investment in LPL is not dependant on the success of this and will go ahead for completion next year. If you don't know, they are to move the security area into the hangar adjacent the terminal and all the retail which at the moment is landside will become airside. As at MAN the entry into airside after security will be through the Duty Free shop which was not that popular with passengers.
They say this will reduce the queues for security and increase revenue through the retail outlets. Whether the fast track will still continue I don't know. Time will tell.
Last edited by lplsprog; 4th May 2009 at 17:31.