Stobart Group have announced this morning that they expect to complete their purchase of CAX by 30 May 2009 at a cost of £14 million.
As the airport is effectively owned by Andrew Tinkler and William Stobart, the deal will have to be approved by shareholders and an EGM will take place on 30 May for that purpose.
The existing SEN management team will take responsibility for the development of CAX itself, although the main purpose of the acquisition is to build a new corporate HQ and warehousing facility on the site.