Baflour Beatty says airport is set to become a gateway to Lancashire and Cumbria

Balfour Beatty has bought Blackpool International Airport for £14m

The company's airport specialist division, Regional and City Airports, has bought a 95% stake in the airport from Northern Irish developer Mar Properties for £14m in cash.

Blackpool International Airport is about one mile's distance from the seaside town. Airlines that fly there include Ryanair, and

Ian Tyler, Balfour Beatty chief executive, said: "Blackpool International is a well-located airport with the potential to become a thriving international gateway to Lancashire and Cumbria. We will work together with the airlines and our local partners to help increase its penetration within this core catchment area."

Blackpool is not the first airport Balfour Beatty has acquired; it purchased Exeter and Devon International Airport in January 2007 for £60m. As a key member of BAA's major projects framework it has done work at Heathrow, Gatwick, Stansted, Edinburgh and Glasgow Airports.