Pug, you're the one telling me it's been done because of profit and yet you don't "know the details behind the acquisition"
You asked a 'simple question' I gave a simple answer. Afterall, why do businesses exist?
Is this the same MAG that paid £17m for Humberside then sold it for £2.3m. They should not be allowed near acquisitions until the current house is producing meaningful returns to local councils & taxpayers.
I'd say a pretty shrewd move for all concerned. Clearly a small airport with limited scope is not going to generate a sufficient return for the public sector shareholders. Those same shareholders voted in favour of the sale of Humberside Airport at that price. You can speculate all you want about why Manchester Airport bought Humberside back in 1999, but they subsequently got their second runway, and HUY was in profit for most of the 2000's..