Exeter International Airport Sold
Devon County Council has sold Exeter International Airport, with Regional and City Airports being picked as the preferred bidder, netting the county £60 million.
Regional and City Airports Limited are part of the engineering giant Balfour Beatty and a joint venture with London City Airport. RCA, the unanimous choice of Devon County Council, have stated that they want Exeter International to become the "airport of choice for the South West Region." The airport was placed back on the market in summer 2006 after owners of Bristol Airport pulled out of a previous attempt to sell.
Exeter Airport was constructed in 1937 and during World War II it was home to the Polish Air Force. After the war it was sold to the county by the Ministry of Defence and has remained in the hands of Devon County Council until the sale to RCA. Exeter Airport only became profitable in the last five years and approximately one million passengers are expected to use the airport in the next financial year.
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