Airports in Belfast and Cardiff may be put up for sale
Airports in Belfast and Cardiff may be put up for sale by their Spanish owner. Barcelona-based infrastructure firm Abertis said it was reviewing its 29-strong airport division which owns Belfast International and Cardiff airports, and operates Luton Airport under a long-term contract.
A spokesman for Abertis, which also has airports in Mexico, America and Sweden, said: “We have started a process of reviewing our airport division, including the possibility of a future sale of the division.” He said Abertis, which also manages toll roads and telecommunications infrastructure, had appointed Citi and AZ Capital to look into the future of the division.
He said Belfast International was not up for sale.
“It is something that could happen in the future, it is a possibility, but it has not happened yet,” he said. The Spanish group, which made profits of €720 million in 2011, has seen passenger traffic hit by the economic woes of the country.
The possible sale comes after the recent lucrative sell-off of Stansted and Edinburgh airports by Heathrow Airport Holdings – formally BAA – in the wake of a Competition Commission ruling.
Abertis acquired Belfast International Airport, which deals with about 12 million passengers a year, through its company TBI in 1996.