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Devon Council Sell Exeter Airport
In a deal that has netted the county £60 million, Devon County Council has sold Exeter International Airport to Regional and City Airports, a conglomerate formed by engineering giant Balfour Beatty and London City Airport.
Exeter Airport has been owned by Devon County Council since the end of World War II, when it was sold off by the Ministry of Defence, and has only become profitable in the last 5 years. It is expected that about a million passengers will use the airport in the next financial year and RCA have stated that they want it to become the "airport of choice for the South West region."
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By: Tony Hill
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