Heathrow Airport Holdings announces sale of Stansted Airport

Posted: 18 January 2013 | Heathrow Airport | No comments yet

Heathrow Airport Holdings Limited has agreed to sell its 100% interest in Stansted Airport Limited to Manchester Airports Group…

Heathrow Airport Holdings Limited today announces that it has agreed to sell its 100% interest in Stansted Airport Limited to Manchester Airports Group for £1,500 million in cash, payable in full at closing.

Colin Matthews, chief executive of Heathrow, said:

“Stansted Airport and its people have been part of our company for a long time. It has been named by passengers as ‘the world’s best airport for low-cost airlines’ for two consecutive years at the Skytrax World Airport Awards, and we are proud of its achievements. We wish the new owners every success and are confident the airport will continue to flourish. We will continue to focus on improving Heathrow, Glasgow, Aberdeen and Southampton airports”.

The sale is expected to close by the end of February 2013.

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London Heathrow Airport (LHR), London Stansted Airport (STN)

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Colin Matthews

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Heathrow Airport Holdings announces sale of Stansted Airport

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