East Midlands Airport owner completes Stansted deal
THE parent company of East Midlands Airport has completed a deal to buy Stansted Airport.
Manchester Airports Group (MAG), which owns Manchester, East Midlands and Bournemouth airports, has confirmed it has completed the deal to buy Stansted from BAA.
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East Midlands Airport
It was put on the market after a Competition Commission ruling forced BAA to sell Stansted, which handles 17.5 million passengers each year, because of a lack of competition between London airports.
Charlie Cornish, chief executive of MAG, said: “We’re delighted to have added Stansted to our strong portfolio of UK airports.”
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