Take off at Coventry Airport
Published: 2010-02-10 13:08:04
A buyer might have been found for Coventry Airport, potentially securing its long-term future.
Coventry City Council and Airport Development Partners (ADP) have announced they are entering into a partnership to secure the future of the airport.
The council has awarded ADP exclusive rights for the next four weeks to conduct due diligence work on the details of a lease agreement, which could see the airport open for business again this spring.
Airport Development Partners is a Swiss company specialising in development at regional airports across Europe. Chief executive Thomas Frankl has been in negotiations with council officers for the past few weeks, and was in Coventry last week (week starting February 8th) to finalise the exclusivity agreement.
He said: "We're delighted to have been awarded exclusive rights for the next month, and we're very hopeful this is just the beginning of a long and fruitful partnership with the council, businesses based at the airport and the people of Coventry.
"The Midlands are an economic powerhouse second only to London and Coventry Airport’s potential to play a part in the region's economy is centred around business aviation and cargo and its attractiveness as a location for maintenance, repair and overhaul companies. For us the airport's central location, availability of qualified personnel and runway specifications are particularly attractive. "
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